IssuerAnnouncementDetailsV2Portlet

Actions

Almunajem Foods Co. announces its Interim Financial Results for the Period Ending on 2023-03-31 ( Three Months )

4162
ALMUNAJEM
-2.23 %
1444/10/21     11/05/2023 15:34:31

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 90278814.47747.820.62
Gross Profit (Loss) 155.7172.5-9.7492.668.14
Operational Profit (Loss) 88.5103.1-14.1620.8325.48
Net Profit (Loss) after Zakat and Tax 81.997.6-16.0916.9384.62
Total Comprehensive Income 81.997.6-16.0917.5368
All figures are in (Millions) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Total Share Holders Equity (after Deducting Minority Equity) 982.4902.38.88
Profit (Loss) per Share 1.361.63
All figures are in (Millions) 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 Net profit of 1st Quarter 2023 compared to same quarter of last year decreased by 16.1% reaching to SR 81.9 million due to the following main reasons:

• Decrease in gross profit by 9.7% reaching to SR 155.7 million, due to the decrease in profit margins of red & white meat, frozen fruits & vegetables and dairy categories comparing with the same quarter of the last year.

• Increase in total operating expenses by 3.7% reaching to SR 74 million due to the increase in employees’ cost, marketing, and logistic expenses. However, as a percentage of revenue, operating expenses decreased from 9.1% (Q1 2022) to 8.2% (Q1 2023).

Despite of the increase in revenue by 14.5% reaching SR 902 million and increase in sales volume.

The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is Net profit of 1st Quarter 2023 compared to the previous quarter increased by 384.6% reaching to SR 81.9 million due to the following main reasons:

• Increase in revenue by 20.6% reaching to SR 902M due to the increase in sales volume across all categories.

• Increase in gross profit by 68.1% reaching to SR 155.7 million, due to the increase in profit margins across major categories and business lines, because of improving trade conditions, in addition to improving sales mix and the coincidence of the period with the Ramadan season compared to the previous quarter.

Despite of increase in operating expenses by 7.6% reaching to 74 million as a result of the increase in employees’ cost and marketing expenses related to Ramadan season. However, as a percentage of revenue, operating expenses decreased from 9.2% (Q4 2022) to 8.2% (Q1 2023).

Statement of the type of external auditor's report Unmodified conclusion
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.

Company Performance

ALMUNAJEM
Add To Watchlist
In your Watchlist
Add To Watchlist
Key Parameters
Last Price 105.2
Net Change -2.4 (-2.23%)
Value Traded (Sar) 13,653,641.8
Volume Traded 129,360
See The Company Profile

LoginPortletPopupv2

Actions

AddtoWatchlistv2

Actions

Add to watchlist