IssuerAnnouncementDetailsV2Portlet
Actions
Bawan Co. announces its Interim Financial results for the Period Ending on 2024-06-30 (Six Months)
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 632,567 | 768,076 | -17.642 | 883,871 | -28.432 |
| Gross Profit (Loss) | 75,833 | 83,958 | -9.677 | 92,064 | -17.63 |
| Operational Profit (Loss) | 29,299 | 36,191 | -19.043 | 40,876 | -28.322 |
| Net profit (Loss) | 23,120 | 25,036 | -7.652 | 29,152 | -20.691 |
| Total Comprehensive Income | 23,120 | 25,036 | -7.652 | 29,152 | -20.691 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 1,516,438 | 1,660,527 | -8.677 |
| Gross Profit (Loss) | 167,897 | 179,541 | -6.485 |
| Operational Profit (Loss) | 70,175 | 84,024 | -16.482 |
| Net profit (Loss) | 52,272 | 59,568 | -12.248 |
| Total Comprehensive Income | 52,272 | 59,568 | -12.248 |
| Total Shareholders Equity (after Deducting Minority Equity) | 910,285 | 884,057 | 2.966 |
| Profit (Loss) per Share | 0.87 | 0.99 | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| Accumulated Losses | - | - | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | Despite the increase in revenue of the plastic industries sector, the Company's overall revenues have declined compared to the same quarter of the previous year. This decrease is mainly due to a drop in quantities sold in the electrical industries sector and metal products, as well as a decrease in the average selling prices of the wood products. |
| 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 reasons for the decrease in net profit during the current quarter compared to the same quarter of the previous year are mainly due to the following: - The decrease in net profits of the electrical industries sector, mainly due to the decrease in quantities sold. - The decrease in the other income. This decrease comes despite the following: - The increase in net profit of the metal and wood industries sector, mainly due to the increase in average selling prices of the metal products. - The increase in net profits of the plastic industries sector, mainly due to the increase in quantities sold. - The decrease in the finance cost due to the decrease in the company's total debt. - The decrease in the operational and Zakat expenses. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Despite the increase in revenue of the wood products, the company's overall revenues have declined compared to the previous quarter. This decrease is mainly due to a drop in quantities sold in the electrical industries sector and in the metal products. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The reasons for the decrease in net profit during the current quarter compared to the previous quarter are mainly due to the following: - The decrease in net profits of the electrical and plastic industries sectors, mainly due to the decrease in quantities sold. - The decrease in the other income and the profit of investment in financial assets at fair value. This decrease comes despite the following: - The decrease in the finance cost due to the decrease in the company's total debt. - The decrease in the operational and Zakat expenses. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | Despite the increase in revenue of the plastic industries sectors, the company's overall revenues have decreased compared to the same period of the previous year. This decrease is mainly due to a drop in quantities sold in the electrical industries sector and in the metal products, as well as a decrease in the average selling prices of the wood products. |
| 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 reasons for the decrease in net profit during the current period compared to the same period of the previous year are mainly due to the following: - The decrease in net profits of the metal and wood industries sector, mainly due to the decrease in average selling prices of the wood products. - The decrease in net profits of the electrical industries sector, mainly due to the decrease in quantities sold. - The decrease in the other income and the profit of investment in financial assets at fair value. This decrease comes despite the following: - The increase in net profits of the plastic industries sector, mainly due to the increase in quantities sold. - The decrease in the finance cost and in the Zakat expense. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| 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) | N/A |
| Reclassification of Comparison Items | N/A |
| Additional Information | Non-controlling interests share during the period amounted to a net profit of SAR 2.2 million as compared to a profit of SAR 4.2 million for the same period of the previous year. |
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 39.15
Net Change -1.55 (-3.81%)
Value Traded (Sar) 17,374,464.4
Volume Traded 435,912
LoginPortletPopupv2
Actions
AddtoWatchlistv2
Actions