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Saudi Lime Industries Co. announces its Interim Financial results for the period ending on 2024-06-30 (Six Months)
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LIME INDUSTRIES
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1446/02/21 25/08/2024 08:04:28
| Element List | Current Period | Similar period for previous year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 90,033,870 | 71,533,374 | 25.862 | ||
| Net profit (Loss) | 8,543,705 | 4,674,756 | 82.762 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 284,091,752 | 271,133,736 | 4.779 | ||
| Profit (Loss) per Share | 0.39 | 0.23 | |||
| 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 reason for the increase in revenue during the current period compared to the same period of the previous year is primarily due to the increase in sales volume and the relative rise in the selling price of the final product. |
| 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 increase in net profit during the current period compared to the same period of the previous year is attributed to the increase in both the quantity and value of sales, despite the rise in the cost of sales and the increase in general and administrative expenses during the current period compared to the same period of the previous year. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Reclassification of Comparison Items | N/A |
| Additional Information | On May 19, 2024, the company acquired 100% of Astra Mining Company. This was reflected in the Interim Financial results of the company for the period ending June 30, 2024. The acquisition was accounted for in accordance with International Financial Reporting Standard No.3 (Business Combinations). Consequently, the company accounted for the acquisition based on the asset values (provisional values) of the acquired assets and liabilities as of the acquisition date, pending the final determination of fair values and the allocation of the purchase price within twelve months from the acquisition date, in accordance with regulatory requirements and as permitted by IFRS No.3. The company must adjust the provisional values recognized during the measurement period to fair values retrospectively. |
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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