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SAL Saudi Logistics Services Co. announces its Interim Financial results for the Period Ending on 2024-03-31 ( Three Months )

4263
SAL
-1.03 %
1445/11/04     12/05/2024 08:09:05

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 452,526339,97233.106410,62310.204
Gross Profit (Loss) 260,983179,95845.024242,6017.577
Operational Profit (Loss) 227,844124,23483.399203,43311.999
Net profit (Loss) 208,446104,34699.764180,58215.43
Total Comprehensive Income 208,446104,34699.764183,86613.368
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) 1,321,7731,047,47326.186
Profit (Loss) per Share 2.611.3
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 SAL produced a 33.1% improvement in revenue which includes a ground handling revenue increase of 24.4% attributable to an increase in tonnage handled of 31.5% and a 89.0% increase in Logistics revenue.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is Higher revenues combined with a continued focus on cost control and investment in available liquidity resulted in an increased net profit of SAR 208.4 million.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is SAL produced a 10.2% improvement in revenue on the back of higher demand including an increase in ground handling revenue of 7.7% attributable to an increase in tonnage handled of 12.4% and a 22.0% increase in Logistics revenue.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is An increase in revenues, focused approach on cost control and investment of available funds resulted in an improved net profit of 13.4%.
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) None
Reclassification of Comparison Items Certain comparative figures have been reclassified to conform with the current year’s presentation of these financial statements.
Additional Information None
Attached Documents  

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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Key Parameters
Last Price 288.0
Net Change -3.0 (-1.03%)
Value Traded (Sar) 160,206,264.6
Volume Traded 555,195
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