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Raoom Trading Co. announces its Interim Financial results for the Period Ending on 2024-09-30 ( Nine Months )
9529
RAOOM
1.71
%
1446/05/02 04/11/2024 16:22:42
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 27,316,777 | 32,130,962 | -14.983 | 26,784,096 | 1.988 |
| Gross Profit (Loss) | 8,305,423 | 11,467,027 | -27.571 | 7,843,426 | 5.89 |
| Operational Profit (Loss) | 4,455,323 | 8,620,406 | -48.316 | 4,939,762 | -9.806 |
| Net profit (Loss) | 10,971,463 | 8,741,020 | 25.516 | 4,360,758 | 151.595 |
| Total Comprehensive Income | 10,960,358 | 8,650,910 | 26.696 | 4,349,654 | 151.982 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 87,113,595 | 100,606,846 | -13.411 |
| Gross Profit (Loss) | 30,056,514 | 32,972,999 | -8.845 |
| Operational Profit (Loss) | 19,899,245 | 24,214,762 | -17.821 |
| Net profit (Loss) | 39,248,618 | 36,434,693 | 7.723 |
| Total Comprehensive Income | 39,251,305 | 36,164,362 | 8.535 |
| Total Shareholders Equity (after Deducting Minority Equity) | 161,959,221 | 129,189,594 | 25.365 |
| Profit (Loss) per Share | 6.3 | 5.8 | |
| 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 quarter compared to the same quarter of the last year is | The company recorded a net revenue of 27.3 million Saudi Riyals in the third quarter of 2024, representing a decrease of 14.98% compared to 32.1 million Saudi Riyals in the third quarter of 2023. This decline was due to a decrease in the average selling price compared to the previous period. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | Net profit increased by 29.40% to reach 11.3 million Saudi Riyals in the third quarter of 2024. This growth is primarily due to gains from the fair value revaluation of financial assets through profit or loss. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The company recorded a net revenue of 27.3 million Saudi Riyals in the third quarter of 2024, representing an increase of 1.98% compared to 26.8 million Saudi Riyals in the second quarter of 2024. This increase was driven by Increased sales volume and increased quantities sold over the previous period. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | Net profit increased by 159.4% to reach 11.3 million Saudi Riyals in the third quarter of 2024. This growth is primarily due to gains from the fair value revaluation of financial assets through profit or loss. |
| 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 recorded net revenues of 87.1 million Saudi Riyals for the nine-month period ending September 30, 2024, representing a decrease of 13.41% compared to 100.6 million Saudi Riyals for the nine-month period ending September 30, 2023. This decline was driven by a decrease in Decrease in the average selling price affected by market prices |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | Net profit increased by 8.75% to reach 39.6 million Saudi Riyals for the nine-month period ending September 30, 2024. This growth is primarily due to the increase in gains from the fair value revaluation of financial assets through profit or loss. |
| 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) | nothing |
| Reclassification of Comparison Items | Some numbers have been reclassified to compare with the current quarter. |
| Additional Information | - |
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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Key Parameters
Last Price 178.0
Net Change 3.0 (+1.71%)
Value Traded (Sar) 299,307.8
Volume Traded 1,700
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