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Nofoth Food Products Co. announces its Interim Financial results for the period ending on 2024-06-30 ( Six Months )
| Element List | Current Period | Similar period for previous year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 179,320,013 | 155,621,374 | 15.228 | ||
| Net profit (Loss) | 27,137,768 | 22,051,456 | 23.065 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 117,986,363 | 85,668,546 | 37.724 | ||
| Profit (Loss) per Share | 0.57 | 0.46 | |||
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | The company's revenue during the current period increased to 179,320,013SAR compared to 155,621,374 SAR in the same period of the previous year, marking an increase of 23,698,639 SAR, or a growth rate of 15.23%. This growth resulted from an increase in sales during the current period compared to the same period last year, due to the growth in the number of customers as well as the launch of new 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 company's gross profit increased to 110,538,168 SAR compared to 91,468,734 SAR in the previous period, marking an increase of 19,069,434 SAR, or a growth rate of 20.85%. This increase in gross profit was achieved due to the growth in sales volume, along with enhanced operational efficiency and cost reduction. As for the company's net profit after zakat and tax, it rose to 27,148,240 SAR compared to 22,051,456 SAR in the previous year, reflecting an increase of 5,096,784 SAR, or a growth rate of 23.11%. This growth is primarily attributed to the increase in sales volume, along with improved operational efficiency and reduced costs. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Reclassification of Comparison Items | None |
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 17.18
Net Change 0.06 (+0.35%)
Value Traded (Sar) 15,512.18
Volume Traded 898
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