IssuerAnnouncementDetailsV2Portlet
ActionsAlmunajem Foods Co. announces its Interim Financial (Estimated) Results for the Period Ending on 30-06-2022 ( Six Months )
Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
---|---|---|---|---|---|
Sales/Revenue | 712.9 | 614.5 | 16.01 | 788 | -9.53 |
Gross Profit (Loss) | 197.1 | 109 | 80.83 | 173.3 | 13.73 |
Operational Profit (Loss) | 121.7 | 41.1 | 196.11 | 101.2 | 20.26 |
Net Profit (Loss) after Zakat and Tax | 122.1 | 38 | 221.31 | 97.6 | 25.1 |
Total Comprehensive Income | 122.1 | 38 | 221.31 | 97.6 | 25.1 |
All figures are in (Millions) Saudi Arabia, Riyals |
Element List | Current Period | Similar period for previous year | %Change |
---|---|---|---|
Sales/Revenue | 1,500.9 | 1,242.5 | 20.8 |
Gross Profit (Loss) | 370.3 | 206.4 | 79.41 |
Operational Profit (Loss) | 222.9 | 74.3 | 200 |
Net Profit (Loss) after Zakat and Tax | 219.6 | 67.5 | 225.33 |
Total Comprehensive Income | 219.6 | 67.5 | 225.33 |
Total Share Holders Equity (after Deducting Minority Equity) | 904.4 | 707.9 | 27.76 |
Profit (Loss) per Share | 3.66 | 1.12 | |
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 221.3% reaching SR 122.1 million due to the following main reasons: - Increase in revenues by 16% to SR 712.9 million. - Increase in gross profit by 80.8 % 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 % reaching to SR75.4 million comparing with the last quarter as a result of higher marketing & promotional activities. - Increase in Zakat expense to 55.2% reaching to SR 6 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 25.1% reaching to SR 122.1 million due to the following main reasons: - Increase in gross profit by 13.7% reaching to SR 197.1 million, as a result of the improvement in profit margins of Red & white meat categories due to improvement in trade conditions, comparing with the previous quarter. Despite of : - Decrease in revenues by 9.5% due to the Ramadan season coinciding with the previous quarter - The increase in total operating expenses by 4.5% reaching to SR 75.4 million as a result of increasing employee cost by 10.6% reaching SR 36.9 million. |
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | Increase in net profit for the quarter compared to the same quarter of the last year by 225.6% reaching SR 219.6 million due to the following main reasons: - Increase in revenues by 20.8 % to SR 1500.9 million. - Increase in gross profit by 79.4 % 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 11.6 % reaching to SR 147.5 million comparing with similar period last year as a result of higher marketing & promotional activities and employee cost. - Increase in Zakat expense to 52.3% reaching to SR 11.3 million as result of the increase in Zakat base. |
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 30 Jun 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. |
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