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Herfy Food Services Co. announces its Interim Financial Results for the Period Ending on 2023-03-31 ( Three Months )

6002
HERFY FOODS
-0.98 %
1444/10/19     09/05/2023 08:14:57

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 275,126,129330,996,890-16.88314,513,512-12.52
Gross Profit (Loss) 54,280,30596,938,587-44.0191,267,308-40.53
Operational Profit (Loss) -4,445,45136,672,791--48,943,412-90.92
Net Profit (Loss) after Zakat and Tax -12,816,13126,715,416--65,993,413-80.58
Total Comprehensive Income -12,816,13126,715,416--65,993,413-80.58
All figures are in (Actual) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Total Share Holders Equity (after Deducting Minority Equity) 1,043,736,7731,070,314,230-2.48
Profit (Loss) per Share -0.20.41
All figures are in (Actual) Saudi Arabia, Riyals
Element ListExplanation
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 net losses for the 1st Quarter of 2023 compared to the net profit achieved for the same quarter of 2022 mainly attributed to the decrease of Sales by 16.8 % which contributed to the partial seasonal shift of the Month of Ramadan from Q2 2022 to Q1 2023, in addition to the increase of the selling and Marketing expenses, despite the decrease of the General and Administration Expenses and the finance cost and the increase of other income.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is The reason for the decrease of the net losses for the 1st Quarter of 2023 compared to the net losses achieved for the previous quarter last year 2022 to the decrease of the selling and marketing expenses and the decrease of the General and Administration expenses and the finance cost and the increase of other income, also that the reason for net losses for the 1st Quarter 2023 due to the decrease of Sales by 12.5 % compared to the previous quarter.
Statement of the type of external auditor's report Unmodified conclusion
Reclassification of Comparison Items Certain comparative figures have been modified and reclassified to conform with the 1st Quarter 2023 presentation for more information refer to note No. (21) of the financial statements.
Additional Information For more information refer to the 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.

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Last Price 22.32
Net Change -0.22 (-0.98%)
Value Traded (Sar) 1,838,096.88
Volume Traded 82,294
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