IssuerAnnouncementDetailsV2Portlet
ActionsHerfy Food Services Co. announces its Annual Financial Results for the Period Ending on 2022-12-31
Element List | Current Year | Previous Year | %Change | ||
---|---|---|---|---|---|
Sales/Revenue | 1,243,838,271 | 1,319,092,436 | -5.7 | ||
Gross Profit (Loss) | 307,003,843 | 417,828,738 | -26.52 | ||
Operational Profit (Loss) | 41,029,668 | 193,782,173 | -78.83 | ||
Net Profit (Loss) after Zakat and Tax | 3,546,104 | 151,791,474 | -97.66 | ||
Total Comprehensive Income | 12,954,090 | 144,448,359 | -91.03 | ||
Total Share Holders Equity (after Deducting Minority Equity) | 1,056,552,904 | 1,043,598,814 | 1.24 | ||
Profit (Loss) per Share | 0.05 | 2.35 | |||
All figures are in (Actual) Saudi Arabia, Riyals |
Element List | Explanation |
---|---|
The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The reason for the decrease in net profit during the year 2022 compared to the previous year 2021 is due to the decrease in Sales, the increase of the percentage of the cost of sales, the increase in selling and marketing expenses, and the increase of the general and administrative expenses, where it was During the fourth quarter of 2022 increased the provision for impairment on financial assets and other provisions for impairment of assets and property, and the provision for slow-moving inventory, In addition to the financial impact of re-estimating the useful lives of the leased assets according to International Accounting Standard IFRS 16. |
Statement of the type of external auditor's report | Unmodified opinion |
Reclassification of Comparison Items | Certain comparative figures have been modified and reclassified to conform with the current year presentation, for more information refer to note No. (34) of the annual financial statements. |
Additional Information | For more information refer to the annual financial statements report, which will be uploaded to the Tadawul website during the regular period. |
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.