IssuerAnnouncementDetailsV2Portlet

Actions

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

1832
SADR
0.37 %
1444/11/01     21/05/2023 07:58:04

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 40,81519,767106.48410,220-90.05
Gross Profit (Loss) 7,8383,308136.945,37045.96
Operational Profit (Loss) 3,186-1,325--1,135-
Net Profit (Loss) after Zakat and Tax 3,287-1,828--1,772-
Total Comprehensive Income 3,287-1,828--1,194-
All figures are in (Thousands) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Total Share Holders Equity (after Deducting Minority Equity) 179,518181,041-0.84
Profit (Loss) per Share 0.19-0.1
All figures are in (Thousands) Saudi Arabia, Riyals
Accumulated LossesCapitalPercentage %
0175,000,0000
All figures are in (Thousands) 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 company achieved a net profit during the current quarter compared to a net loss during the same quarter of the previous year , The increase in net profit during the current quarter is due to Increased sales for all sectors of the company, as sales increased by approximately 102% compared to sales during the same quarter And more in the sales of the wood sector as a result of the supply contract with the Saudi Assda Trading Company In addition to the revenues from the financial leasing contract with the American company (Avenger Flight Co) And higher investment profits as a result of higher interest rates, linking short-term Murabaha directly with Saudi banks, and lower financing costs.
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 company achieved a net profit during the current quarter compared to a net loss during the previous quarter, The increase in the net profit during the current quarter is due to the decrease in the cost of revenue, the decrease in selling and marketing expenses, the decrease in general and administrative expenses, the lack of an increase in the provision for credit losses, the decrease in financing costs, the increase in investment profits, and the decrease in the estimated zakat.
Statement of the type of external auditor's report Unmodified conclusion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion Nothing
Reclassification of Comparison Items Certain comparative figures have been re-presented and classified to conform to the presentation for the current period.
Additional Information The basic and diluted share of profit and loss for the current period and the similar period of the previous year was calculated by dividing the net profit or loss for each period after zakat attributable to the shareholders of the company by the weighted average number of ordinary shares outstanding at the end of each period, as the weighted average of shares for the current and similar period of the year was Previous 17,500,000 shares

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.

Previous Announcements

View all announcements

Company Performance

SADR
Add To Watchlist
In your Watchlist
Add To Watchlist
Key Parameters
Last Price 2.69
Net Change 0.01 (+0.37%)
Value Traded (Sar) 6,248,869.08
Volume Traded 2,308,070
See The Company Profile

LoginPortletPopupv2

Actions

AddtoWatchlistv2

Actions
NO PORTLET SESSION YET