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Herfy Food Services Co. announces its Interim Financial results for the Period Ending on 2023-12-31 ( Twelve Months )

6002
HERFY FOODS
-0.98 %
1445/07/25     06/02/2024 08:00:00

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 297,308,094299,190,396-0.629313,040,936-5.025
Gross Profit (Loss) 75,216,08856,007,80334.29583,093,744-9.48
Operational Profit (Loss) 14,350,900-50,921,123-19,707,526-27.18
Net profit (Loss) 5,625,082-59,284,694-11,040,981-49.052
Total Comprehensive Income 6,502,814-49,876,708-11,040,981-41.102
All figures are in (Actual) Saudi Arabia, Riyals


Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue 1,173,695,5301,243,838,271-5.639
Gross Profit (Loss) 284,412,124307,003,843-7.358
Operational Profit (Loss) 43,077,20441,029,6684.99
Net profit (Loss) 8,386,4763,546,104136.498
Total Comprehensive Income 9,264,20812,954,090-28.484
Total Share Holders Equity (After Deducting the Minority Equity) 1,033,477,1121,056,552,904-2.184
Profit (Loss) per Share 0.130.05
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 1493,581,500
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 Mainor decrease in the sales for the fourth quarter of 2023 compared to sales for the same quarter of 2022 is due to the decrease in sales of the restaurant sector compared to the increase in sales of other sectors.
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 4 th Quarter of 2023 compared to the net losses for the Same quarter of 2022 is due to the decrease of the selling and marketing expenses, General and Administration Expenses, and the decrease of the finance cost despite the decrease of net other Income and the increase zakat Expenses.
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 sales in the fourth quarter of 2023 compared to the previous quarter is due to a decrease in the restaurant sector sales due to the vacation seasonality.
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 4th Quarter of 2023 compared to the previous quarter of 2023 is due to a decrease in sales and net other Income, also the increase of the general and administrative expenses, an increase Zakat expenses, despite a decrease of marketing and selling expenses and finance cost.
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is The reason for the decrease in sales for the period ended 31 December 2023 compared to the same period last year is due to the decrease in sales in the restaurant sector
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 increase in the net profit during the current period ended 31 December 2023 compared to the net profit for the same period last year is due to a decrease in general and administrative expenses and the finance cost Expenses despite a decrease in sales and net other income, also the increase of marketing and selling expenses and an increase of 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) Other Matter: The comparative information for the condensed interim statements of financial position, changes in equity and cash flows, and related explanatory notes, for the year ended December 31, 2022 is based on the audited financial statements of the Company for the year ended December 31, 2022. The comparative information for the condensed interim statements of comprehensive income, and related explanatory notes, for the three-month period ended December 31, 2022, has not been audited or reviewed.
Reclassification of Comparison Items -
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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