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Zahrat Al Waha for Trading Co. announces its Interim Financial Results for the Period Ending on 2023-06-30 ( Six Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 150,482,196 | 184,265,696 | -18.33 | 156,787,817 | -4.02 |
| Gross Profit (Loss) | 15,934,277 | 14,684,446 | 8.51 | 11,867,226 | 34.27 |
| Operational Profit (Loss) | 10,878,512 | 10,079,448 | 7.93 | 6,486,631 | 67.71 |
| Net Profit (Loss) after Zakat and Tax | 7,836,137 | 4,007,147 | 95.55 | 1,924,925 | 307.09 |
| Total Comprehensive Income | 7,905,979 | 4,239,478 | 86.48 | 1,988,834 | 297.52 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 307,270,013 | 336,101,973 | -8.58 |
| Gross Profit (Loss) | 27,801,503 | 27,090,972 | 2.62 |
| Operational Profit (Loss) | 17,365,143 | 17,967,435 | -3.35 |
| Net Profit (Loss) after Zakat and Tax | 9,761,062 | 9,915,368 | -1.56 |
| Total Comprehensive Income | 9,894,813 | 10,401,046 | -4.87 |
| Total Share Holders Equity (after Deducting Minority Equity) | 292,159,590 | 289,809,397 | 0.81 |
| Profit (Loss) per Share | 0.43 | 0.44 | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| 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 reason for the increase in the net profit of the current quarter compared to the same quarter of the previous year is due to: - Decrease cost of goods sold - Decrease general and administrative expenses - Increase finance costs - Increase unrealized profits from investments at FVTPL |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is | The reason for the increase in the net profit of the current quarter compared to the previous quarter is due to: - Decrease cost of goods sold - Decrease general and administrative expenses - Decrease provision for impairment of trade receivables - Increase investment profits from investments at FVTPL |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | The reason for the decrease in the net profit of the current period compared to the same period of the previous year is due to: - Increase selling and distribution expenses - Increase general and administrative expenses - Increase provision for impairment of trade receivables - Increase financing costs |
| 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 | No |
| Reclassification of Comparison Items | No |
| Additional Information | 1- The inventory balance on June 30, 2023 decreased by 5.32% from its balance on 31, December 2022 due to the increase in the volume of sales. 2-The balance of Investments at fair value by profit or loss on June 30, 2023 compared to the balance on December 31, 2022 increased by 11.85% due to the increase in unrealized profits. 3- The balance of cash and cash equivalents on June 30, 2023, compared to its balance on December 31, 2022, increased by 843.48%, affected by customer collections. 4- The balance of short-term loans that used to finance working capital on June 30, 2023, decreased by 10.08% from their balance on December 31, 2022. 6- The balance of long-term loans on June 30, 2023 decreased by 49.47% from their balance on December 31, 2022 7- Basic earnings per share is calculated by dividing income for the period attributable to the Company’s ordinary shareholders by the weighted average number of ordinary shares outstanding during the period,the diluted earnings per share are the same as the basic earnings per share as the company has no diluted instruments. 8- We would like to give attention of our valued shareholders to the condensed interim Financial Statements for the six-month, ended June 30, 2023, which will be available on the investor relations app for Zahrat Al Waha for Trading Co. smart phones and tablets, and through the company's website at the following link https://zaoasis.com/investors/financial-information after sending it to the competent authorities. |
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 39.85
Net Change -0.8 (-1.97%)
Value Traded (Sar) 8,346,979.95
Volume Traded 208,970
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