IssuerAnnouncementDetailsV2Portlet
Actions
Alamar Foods Co. announces its Annual Financial results for the period ending on 2023-12-31
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 991,655,015 | 1,075,892,373 | -7.83 | ||
| Gross Profit (Loss) | 293,003,751 | 362,353,740 | -19.14 | ||
| Operational Profit (Loss) | 81,774,324 | 141,167,138 | -42.07 | ||
| Net profit (Loss) | 56,585,182 | 115,259,636 | -50.91 | ||
| Total Comprehensive Income | 51,146,876 | 98,210,122 | -47.92 | ||
| Total Share Holders Equity (After Deducting the Minority Equity) | 320,377,282 | 333,760,530 | -4.01 | ||
| Profit (Loss) per Share | 2.29 | 4.58 | |||
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year | The growth rate of total sales during current year, adjusted for constant foreign exchange rates and excluding sales impact from Expo Dubai, stands at 0.2%. The growth rate of total sales, based on current foreign exchange rates, is -7.8%. Sales performance is impacted by the currency devaluation in Egypt and Lebanon, which affected the sales value by SAR 77 million, the absence of sales from Expo Dubai, which impacted the sales value by SAR 9 million, and the adverse effects on the business in the fourth quarter due to recent regional geopolitical tensions. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The net profit is driven by sales performance, which includes the effects of currency devaluation and Expo Dubai, combined with easing inflationary pressures, and the recent geopolitical events within the region. |
| 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 | NA |
| Additional Information | Alamar maintains a stable balance sheet and healthy financial position, underscored by net cash generation from operating activities amounting to SAR 190 million in the current year, with an EBITDA conversion ratio of 152%. The period also recorded a net increase of 26 in the corporate store count. Building on current recovery trends, the company remains focused on its customers and strategy execution, with an emphasis on technological advancements, product innovation, operational excellence, customer service, and growth initiatives. |
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.
Share
Company Performance
Key Parameters
Last Price 57.3
Net Change -2.0 (-3.37%)
Value Traded (Sar) 3,892,396.3
Volume Traded 67,929
LoginPortletPopupv2
Actions
AddtoWatchlistv2
Actions