IssuerAnnouncementDetailsV2Portlet
Actions
Almunajem Foods Co. announces its Interim Financial (Estimated) Results for the Period Ending on 2022-03-31 ( Three Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 788 | 628.1 | 25.457 | 679.5 | 15.967 |
| Gross Profit (Loss) | 173.3 | 97.4 | 77.926 | 115.3 | 50.303 |
| Operational Profit (Loss) | 101.5 | 33.2 | 205.722 | 49.1 | 106.72 |
| Net Profit (Loss) after Zakat and Tax | 97.9 | 29.5 | 231.864 | 46 | 112.826 |
| Total Comprehensive Income | 97.9 | 29.5 | 231.864 | 44.2 | 121.493 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Share Holders Equity (after Deducting Minority Equity) | 902.6 | 669.9 | 34.736 |
| Profit (Loss) per Share | 1.63 | 0.49 | |
| All figures are in (Millions) 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 | Increase in net profit for the quarter compared to the same quarter of the last year by 232% reaching SR 97.9 million due to the following main reasons: - Increase in revenues by 25.5% to SR 788 million. - Increase in gross profit by 77.8 % as a result of the improvement in profit margin of most of product categories due to improvement in trade conditions during the period. Despite of : - increase in operating expenses during the quarter by 11.7 % reaching to SR71.8 million comparing with the last quarter as a result of higher marketing & promotional activities. - Increase in Zakat expense to 49% reaching to SR5.3 million as result of the increase in Zakat base. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is | Increase in net profit for the quarter compared to the previous period of the current year by 112.9% reaching to SR 97.9 million due to the following main reasons: - Increase in gross profit by 50.2% reaching to SR 173.3 million, as a result of the improvement in profit margins of most of product categories due to improvement in trade conditions, In addition to the improvement in the sales mix while the period coincided with Ramadan season comparing with the previous quarter. Despite of the increase in total operating expenses by 8.4% reaching to SR 71.8 million as a result of the Increase in marketing expenses to reach SR 10.6 million, mainly effected by Ramdan session |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion | These estimated financial results for the period ended 31 March 2022 are prepared by the management of the Company and were not reviewed by the external auditors |
| Reclassification of Comparison Items | Some comparative figures for the previous periods have been reclassified in line with the current period's classification. |
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 117.8
Net Change 7.0 (+6.32%)
Value Traded (Sar) 109,504,843
Volume Traded 959,370
LoginPortletPopupv2
Actions
AddtoWatchlistv2
Actions