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Al-Jouf Agricultural Development Co. announces its Interim Financial results for the Period Ending on 31-03-2024 ( Three Months )

6070
ALJOUF
-1.82 %
1445/11/04     12/05/2024 08:53:00

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 160,467104,44253.642114,51940.122
Gross Profit (Loss) 60,08337,81358.89526,518126.574
Operational Profit (Loss) 37,12421,43373.2098,404341.742
Net profit (Loss) 32,92320,07663.99116,48399.739
Total Comprehensive Income 32,92320,07663.99120,57859.991
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) 744,023672,61210.616
Profit (Loss) per Share 1.10.67
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 --
Accumulated Losses --
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 The increase in sales for current quarter 2024 compared to the same quarter 2023 is due to the increase in quantinies sold from company's products, especially the sales of French fries after the start of commercial operation of the new french fries factory in December of last year 2023
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 increase in net profit for current quarter 2024 compared to the same quarter 2023 is due to the increase in sales of 56 million riyals, despite the increase in selling and distribution cost, the increase in general and adminstrative cost, increase in financing cost and increase in zakat expenses.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The increase in sales for current quarter 2024 compared to the previous quarter 2023 is due to the increase in quantinies sold from company's products due to the sales of the Ramadan season and the sales of French fries after the start of commercial operation of the new french fries factory in December of last year 2023
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The increase in net profit for current quarter 2024 compared to the previous quarter 2023 is due to the increase in sales of 46 million riyals, despite the increase in selling and distribution cost, the increase in general and adminstrative cost, increase in financing cost and increase in zakat expenses.
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 for the previous period have been reclassified to conform to the way they are presented for the current period.
Additional Information -

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 64.7
Net Change -1.2 (-1.82%)
Value Traded (Sar) 13,630,172.2
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