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Herfy Food Services Co. announces its Interim Financial results for the Period Ending on 2024-03-31 ( Three Months )

6002
HERFY FOODS
-0.98 %
1445/10/16     25/04/2024 09:49:39

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 289,042,298275,126,1295.058297,308,094-2.78
Gross Profit (Loss) 72,104,37254,280,30532.83775,216,088-4.137
Operational Profit (Loss) 9,400,513-4,445,451-14,350,900-34.495
Net profit (Loss) 448,244-12,816,131-5,625,082-92.031
Total Comprehensive Income 448,244-12,816,131-6,502,814-93.106
All figures are in (Actual) Saudi Arabia, Riyals


Element ListCurrent PeriodSimilar period for previous year%Change
Total Share Holders Equity (After Deducting the Minority Equity) 1,033,925,3561,043,736,773-0.94
Profit (Loss) per Share 0.01-0.2
All figures are in (Actual) Saudi Arabia, Riyals


Element ListPercentage of the capital (%)Amount
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value --
All figures are in (Actual) 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 the Revenues for the first quarter of 2024 compared to the Revenues for the same quarter of 2023 is due to the increase in sales of the restaurant sector and other sectors- meat and bakery products -
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 achieved net profit for the first Quarter of 2024 compared to the net losses for the Same quarter of 2023 is due to the increase of the sales and the decrease of the General and Administration Expenses and Zakat Expenses. despite the decrease of net other Income and the increase the Selling and Marketing Expenses, and the Finance Cost .
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The reason for the decrease in the Revenues in the first quarter of 2024 compared to the previous quarter is due to a decrease in the sales of restaurant sector due to the Ramadan month beginning in the first quarter.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The reason for the decrease in net profit for the first Quarter of 2024 compared to the previous quarter is due to a decrease in Sales and Net Other Income, also the increase of the Marketing and Selling Expenses and Finance Cost despite a decrease of General and Administrative Expenses and 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) Non
Reclassification of Comparison Items Non
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 22.32
Net Change -0.22 (-0.98%)
Value Traded (Sar) 1,838,096.88
Volume Traded 82,294
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