IssuerAnnouncementDetailsV2Portlet
ActionsSinad Holding Co. announces its Annual Financial Results for the Period Ending on 2022-12-31
Element List | Current Year | Previous Year | %Change | ||
---|---|---|---|---|---|
Sales/Revenue | 1,769 | 1,711.3 | 3.37 | ||
Gross Profit (Loss) | 553.7 | 439.4 | 26.01 | ||
Operational Profit (Loss) | 120.2 | 22.1 | 443.89 | ||
Net Profit (Loss) after Zakat and Tax | 10.1 | -63.5 | - | ||
Total Comprehensive Income | -160.6 | 21.5 | - | ||
Total Share Holders Equity (after Deducting Minority Equity) | 1,237.9 | 1,401.8 | -11.69 | ||
Profit (Loss) per Share | 0.08 | -0.5 | |||
All figures are in (Millions) 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 achievement of Net Profit against Net Loss during last year is due the increased Gross & Operating profits during the year versus last year. This increase has resulted primarily from the increased Investment Income, increased other operating income and reduction of Zakat & Income Tax. |
Statement of the type of external auditor's report | Emphasis of matter |
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion | We draw attention to note number (20) under the attached consolidated financial statements, which illustrates the status of the 2 law suits against the seller and broker of the purchased north Riyadh land, Al-Khair district. Our opinion regarding that matter has not been changed. |
Reclassification of Comparison Items | Not Applicable |
Additional Information | -As of December 31st 2022, the accumulated losses reached Sar 27.5 Million, representing 2% of the company’s capital of Sar 1,263.9 Million. |
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.