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Meyar Co. announces its Interim Financial Results for the Period Ending on 2023-06-30 ( Six Months )
| Element List | Current Period | Similar period for previous year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 17,066 | 19,956 | -14.48 | ||
| Gross Profit (Loss) | 2,138 | 5,583 | -61.7 | ||
| Operational Profit (Loss) | -1,706 | 2,571 | - | ||
| Net Profit (Loss) after Zakat and Tax | -799 | 3,178 | - | ||
| Total Comprehensive Income | -799 | 3,178 | - | ||
| Total Share Holders Equity (after Deducting Minority Equity) | 34,634 | 19,774 | 75.15 | ||
| Profit (Loss) per Share | -0.6 | 2.99 | |||
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Explanation |
|---|---|
| Increase (Decrease) in Net Profit for Current Period Compared to Previous Period is Attributed to | The net profit decreased during this period due to: 1- Decreased sales due to the entry of new competitors for the same commodity, high competition and low demand in the company’s business area. 2- cost of revenue increased due to the high prices of basic materials and the materials and requirements increased due to the entry of new elements into the requirements for the production of new products for the company. 3- An increase in the depreciation value due to the increase in assets by more than 14 million riyals on 12/31/2022 AD. 4- An increase in general and administrative expenses due to the necessary consulting costs and listing expenses in Nomu Market. |
| 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 | None |
| Reclassification of Comparison Items | None |
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 66.2
Net Change 0.0 (0.0%)
Value Traded (Sar) 137.6
Volume Traded 2
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