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Nayifat Finance Co. announces its Interim Financial results for the Period Ending on 2024-06-30 ( Six Months )

4081
NAYIFAT
-1.19 %
1446/03/02     05/09/2024 15:49:48

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 93,302101,914-8.4585,7448.814
Gross Profit (Loss) 81,35889,008-8.59473,54610.621
Operational Profit (Loss) 44,06726,25367.85521,677103.289
Net profit (Loss) 38,31721,25380.28917,177123.071
Total Comprehensive Income 38,31721,25380.28917,177123.071
All figures are in (Thousands) Saudi Arabia, Riyals


Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue 179,046202,322-11.504
Gross Profit (Loss) 154,904178,174-13.06
Operational Profit (Loss) 65,74465,2070.823
Net profit (Loss) 55,49453,7073.327
Total Comprehensive Income 55,49453,7073.327
Total Shareholders Equity (after Deducting Minority Equity) 1,432,4081,342,4076.704
Profit (Loss) per Share 0.460.45
All figures are in (Thousands) Saudi Arabia, Riyals


Element ListAmountPercentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value --
All figures are in (Thousands) Saudi Arabia, Riyals


Element ListExplanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is The reason of the decrease in the revenues during the current quarter compared to the same quarter of the last year is mainly due to diversification in product segments and income suspension from delinquent customers.
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 reason of the increase in the net profit during the current quarter compared to the same quarter of the last year is mainly due to lower impairment charge and operating expenses.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The reason of the increase in revenues during the current quarter compared to the previous one is due to improvement in the overall financing portfolio.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The reason of the increase in the net profit during the current quarter compared to the previous one is mainly due to increase in revenues, lower impairment charge and operating 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 The reason of the decrease in revenues during the current period compared to the same period of the last year is mainly due to diversification in product segments and income suspension from delinquent customers.
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 reason of the increase in the net profit during the current period compared to the same period of the last year is mainly due to lower credit impairment charge because of enhanced write off recoveries and reduced impairment charge. This is offset by lower revenues under consumer financing segments.
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) NA
Reclassification of Comparison Items NA
Additional Information NA

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 14.98
Net Change -0.18 (-1.19%)
Value Traded (Sar) 5,550,871.7
Volume Traded 369,352
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