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Nayifat Finance Co. announces its Interim Financial results for the Period Ending on 2024-03-31 ( Three Months )

4081
NAYIFAT
-1.19 %
1445/10/28     07/05/2024 15:52:27

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 85,744100,409-14.60594,832-9.583
Gross Profit (Loss) 73,54689,163-17.51581,530-9.792
Operational Profit (Loss) 21,67738,954-44.35218,67216.093
Net profit (Loss) 17,17732,454-47.07215,8728.222
Total Comprehensive Income 17,17732,454-47.07215,37211.742
All figures are in (Thousands) Saudi Arabia, Riyals


Element ListCurrent PeriodSimilar period for previous year%Change
Total Share Holders Equity (After Deducting the Minority Equity) 1,394,0911,321,1545.52
Profit (Loss) per Share 0.140.27
All figures are in (Thousands) Saudi Arabia, Riyals


Element ListPercentage of the capital (%)Amount
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value --
All figures are in (Thousands) Saudi Arabia, Riyals


Element ListExplanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is The reason for decrease in revenues in current quarter as compared to same quarter of last year is mainly due to decrease in overall financing portfolio and income suspension from delinquent customers.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is The reason for decrease in net profit in current quarter as compared to same quarter of last year is mainly due to decrease in revenues from financing.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The reason for decrease in revenues in current quarter as compared to previous quarter is mainly due to additional revenues recognized in previous quarter because of early terminated contracts and revenues recoveries from delinquent customers.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The reason for the increase in the net profit in current quarter as compared to previous quarter is due to decrease in the charges of expected credit loss allowance which was offset by decrease in revenues from financing.
Statement of the type of external auditor's report Unmodified conclusion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) NA
Reclassification of Comparison Items NA
Additional Information -

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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Last Price 14.98
Net Change -0.18 (-1.19%)
Value Traded (Sar) 5,550,871.7
Volume Traded 369,352
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