IssuerAnnouncementDetailsV2Portlet
Saudi Marketing Company ( Farm Superstores ) announces its Interim Financial Results for the Period Ending on 2023-09-30 ( Nine Months )
Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
---|---|---|---|---|---|
Sales/Revenue | 429,257 | 430,477 | -0.28 | 449,221 | -4.44 |
Gross Profit (Loss) | 138,639 | 129,571 | 7 | 134,244 | 3.27 |
Operational Profit (Loss) | 21,875 | 18,672 | 17.15 | 22,800 | -4.06 |
Net Profit (Loss) after Zakat and Tax | 4,886 | 4,521 | 8.07 | 6,388 | -23.51 |
Total Comprehensive Income | 4,836 | 4,494 | 7.61 | 6,438 | -24.88 |
All figures are in (Thousands) Saudi Arabia, Riyals |
Element List | Current Period | Similar period for previous year | %Change |
---|---|---|---|
Sales/Revenue | 1,358,415 | 1,321,676 | 2.78 |
Gross Profit (Loss) | 409,770 | 378,823 | 8.17 |
Operational Profit (Loss) | 68,944 | 55,469 | 24.29 |
Net Profit (Loss) after Zakat and Tax | 18,720 | 16,075 | 16.45 |
Total Comprehensive Income | 18,754 | 15,938 | 17.67 |
Total Share Holders Equity (after Deducting Minority Equity) | 655,173 | 650,893 | 0.66 |
Profit (Loss) per Share | 0.42 | 0.36 | |
All figures are in (Thousands) 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 of increase in the net profit during the current quarter compared to the same quarter of the previous year is as follows: - Increase in the revenue of the entertainment segment for the current quarter compared to the same quarter of previous year by SR 5.9 million, in addition to the better control on cost of revenues of farm superstores branches which resulted in an increase in the gross profit of the current quarter compared to the same quarter of previous year by SR 9.1 million. Although, minor decrease in total revenues for the current quarter compared to the same quarter of previous year by SR 1.2 million. Knowing that total operating expenses for the current quarter compared to the same quarter of the previous year, have been increased by SR 5.6 million. |
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 of decrease in the net profit during the current quarter compared to the previous quarter is as follows: - Decrease in revenues for the current quarter compared to the previous quarter amounting to SR 20 million due to summer vacations in the current quarter, however gross profit has been increased by SR 4.4 million for the current quarter compared to the previous quarter due to increase in revenue collected from suppliers for the rented spaces provided to them in branches and improved contracts and targets obtained from suppliers. - Increase in the total operating expenses for the current quarter compared to the previous quarter by SR 6.3 million. - The net of non-operating costs and expenses charged to the profits of the current quarter amounted to SR 17 million compared to SR 16.4 million, which represents the net non-operating costs and expenses charged to the profits of the previous quarter. |
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 of increase in the net profit during the current period compared to the same period of the previous year is as follows: - Increase in the revenues of the current period compared to the same period of the previous year by SR 36.7 million due to the increase in the retail revenue of farm superstores in the current period compared to the same period of the previous year, in addition to the increase in the revenue of the entertainment segment for the current period compared to the same period of the previous year. Knowing that total operating expenses for the current period, compared to the same period of the previous year, have been increased by SR 16.9 million. |
Statement of the type of external auditor's report | Unmodified conclusion |
Reclassification of Comparison Items | Certain comparative figures have been reclassified to conform to the current period presentation. |
Additional Information | - The net of non-operating costs and expenses charged to the profits of the current quarter amounted to SR 17 million compared to SR 14.2 million, which represents the net non-operating costs and expenses charged to the profits of the same quarter of the previous year. - The net of non-operating costs and expenses charged to the profits of the current period amounted to SR 50.2 million compared to SR 39.4 million, which represents the net non-operating costs and expenses charged to the profits of the same period of the previous year. |
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