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Clean Life Co. announces its Annual Financial results for the period ending on 2023-12-31

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CLEAN LIFE
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1445/08/24     05/03/2024 07:51:03

Element ListCurrent YearPrevious Year%Change
Sales/Revenue 49,309,91533,206,65848.49
Gross Profit (Loss) 35,702,02324,087,29048.22
Operational Profit (Loss) 9,067,1398,341,3728.7
Net profit (Loss) 9,203,7898,271,05711.28
Total Comprehensive Income 9,215,9318,247,17811.75
Total Share Holders Equity (After Deducting the Minority Equity) 20,554,91118,838,9809.11
Profit (Loss) per Share 6.1410.27
All figures are in (Actual) Saudi Arabia, Riyals


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


Element ListExplanation
The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year Increasing operating efficiency by automating reservation and operational follow-up procedures, thus increasing the sales capacity of the operating teams, in addition to increasing the number of operating and sales teams.
The reason of the increase (decrease) in the net profit during the current year compared to the last year is Increased revenues and the company achieved revenues of 49,309,915 riyals for the year 2023 compared to revenues of 33,206,658 riyals for the year 2022.
Statement of the type of external auditor's report Unmodified opinion
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) Another matter: The financial statements for the year ending on December 31, 2022 AD were audited by another auditor, and he issued his unqualified report on those financial statements on (Shaaban 14, 1444 AH) corresponding to (March 6, 2023 AD).
Reclassification of Comparison Items During the year, the company’s management noticed an error related to the lease contracts, as they were not calculated according to the requirements of Financial Reporting Standard No. 16 “Lease Contracts,” but were recorded as operating expenses according to the straight-line method. Accordingly, this error was corrected retroactively, which resulted in a financial impact on the total comprehensive income for the fiscal year 2022 amounted (72,177) riyals. In addition, some comparative figures for the previous year have been reclassified to conform to the presentation followed in the current year.
Additional Information Basic earnings per share attributable to common stock is calculated by dividing the net profit attributable to common stockholders by the weighted average number of common shares outstanding during the year. The weighted average number of shares outstanding for the fiscal year 2022 was 805,753 shares as a result of the capital increase during the year 2022, while the weighted average number of shares outstanding for the fiscal year 2023 was 1,500,000 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.

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Last Price 94.2
Net Change 0.0 (0.0%)
Value Traded (Sar) 299.1
Volume Traded 3
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