IssuerAnnouncementDetailsV2Portlet
Keir International 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 | 144,989,166 | 77,561,776 | 86.933 | ||
Net profit (Loss) | 10,991,815 | 1,291,597 | 751.025 | ||
Total Shareholders Equity (after Deducting Minority Equity) | 243,942,380 | 242,410,260 | 0.632 | ||
Profit (Loss) per Share | 0.092 | 0.011 | |||
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 | - | - | |
Accumulated Losses | - | - | |
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 increase in profits is attributed to a rise in revenues to SAR 144.99 million compared to SAR 77.56 million for the same period, marking an increase of SAR 67.43 million or 87%. This revenue growth is due to an expansion in commercial activities and an increase in engagement with the company's clients |
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 gross profit reached SAR 26.55 million compared to SAR 15 million for the same period last year, representing an increase of SAR 11.5 million or 77% growth. Operating profit totaled SAR 15.5 million compared to SAR 5.6 million for the same period last year, reflecting an increase of SAR 9.9 million or 174% growth. As a result, net profit rose to SAR 10.99 million for the first half of the year, compared to SAR 1.29 million for the same period last year, marking a 751% increase due to higher revenues. |
Statement of the type of external auditor's report | Unmodified conclusion |
Reclassification of Comparison Items | - |
Additional Information | N/A |
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.