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Al-Jouf Agricultural Development Co. announces its Annual Financial results for the period ending on 31-12-2023

6070
ALJOUF
-1.79 %
1445/09/14     24/03/2024 08:04:08

Element ListCurrent YearPrevious Year%Change
Sales/Revenue 426,435341,99724.69
Gross Profit (Loss) 126,347120,2865.04
Operational Profit (Loss) 56,16656,703-0.95
Net profit (Loss) 61,96951,06521.35
Total Comprehensive Income 66,06454,91420.3
Total Share Holders Equity (After Deducting the Minority Equity) 718,600667,5377.65
Profit (Loss) per Share 2.071.7
All figures are in (Thousands) Saudi Arabia, Riyals


Element ListAmountPercentage of the capital (%)
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 year compared to the last year The increase in sales for current year compared to the previous year is due to the increase in sold quantinies from company's products
The reason of the increase (decrease) in the net profit during the current year compared to the last year is The increase in net profit for current year compared to the previous year is due to the increase in sales during the current year of 84 million riyals and the increase in profit of the investments at fair value through P&L of 9 million riyals, despite the increase in general and adminstrative cost, and increase in selling and distribution cost and increase in zakat expenses.
Statement of the type of external auditor's report Unmodified opinion
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) NA
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 With reference to the profits achieved from the valuation of the investment, these profits were recorded from the company's investment in the Arab Republic of Egypt, in which the company owns an 8.6% stake, knowing that this investment may be affected in the coming years due to currency exchange rate fluctuations and therefore the value of the investment may decrease from what is indicated in the financial statements for the year ended 31 December 2023

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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ALJOUF
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Key Parameters
Last Price 52.0
Net Change -0.95 (-1.79%)
Value Traded (Sar) 4,804,538.35
Volume Traded 92,067
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