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Herfy Food Services Co. announces its Interim Financial Results for the Period Ending on 30-9-2023 (Nine months).

6002
HERFY FOODS
-0.98 %
1445/04/18     02/11/2023 08:58:57

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 313,040,936315,569,181-0.8288,220,3718.61
Gross Profit (Loss) 83,093,74479,063,7085.171,821,98715.69
Operational Profit (Loss) 19,707,52629,351,012-32.8513,464,23046.37
Net Profit (Loss) after Zakat and Tax 11,040,98119,855,383-44.394,536,545143.38
Total Comprehensive Income 11,040,98119,855,383-44.394,536,545143.38
All figures are in (Actual) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue 876,387,436944,647,875-7.23
Gross Profit (Loss) 209,196,036250,996,040-16.65
Operational Profit (Loss) 28,726,30491,950,791-68.76
Net Profit (Loss) after Zakat and Tax 2,761,39462,830,798-95.61
Total Comprehensive Income 2,761,39462,830,798-95.61
Total Share Holders Equity (after Deducting Minority Equity) 1,026,974,2981,106,429,612-7.18
Profit (Loss) per Share 0.040.97
All figures are in (Actual) Saudi Arabia, Riyals
Element ListExplanation
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 the decrease in the net profit for the 3rd Quarter of 2023 compared to the net profit achieved for the same quarter of 2022 due to the increase of the selling and marketing expenses and the decrease of Sales despite the decrease of the general and administrative expenses, and the decrease of the finance cost .
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 for the increase in the net profit for the 3rd Quarter 2023 compared to the net profit for the previous Quarter of 2023 due to the increase in the sales and the Increase in the net other Income, and the decrease of the general and administrative expenses. despite of the increase of selling and marketing expenses.
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 decrease in the net profit for the period ended 30 September 2023 compared to the net profit for the same period last year is attributed to the decrease of Sales and the increase of the selling and marketing expenses in addition, the increase in the percentage of the cost of goods sold despite of the decrease of general and administrative expenses and finance cost and zakat expenses.
Statement of the type of external auditor's report Unmodified conclusion
Reclassification of Comparison Items Certain comparative figures have been modified and reclassified to conform with the 3rd Quarter 2023 presentation, for more information refer to note No. (21) of the financial statements.
Additional Information For more information refer to the financial statements report, which will be uploaded to the Tadawul website during the regular period.

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
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