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Saudi Lime Industries Co. announces its Annual Financial results for the period ending on 2024-12-31
9566
LIME INDUSTRIES
-0.33
%
1446/09/23 23/03/2025 08:04:32
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 208,484,860 | 149,976,450 | 39.01 | ||
| Gross Profit (Loss) | 58,511,300 | 37,218,666 | 57.21 | ||
| Operational Profit (Loss) | 26,917,591 | 6,324,017 | 325.64 | ||
| Net profit (Loss) | 21,394,676 | 9,763,778 | 119.12 | ||
| Total Comprehensive Income | 21,593,684 | 9,292,895 | 132.37 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 297,345,559 | 275,751,875 | 7.83 | ||
| Profit (Loss) per Share | 0.97 | 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 year compared to the last year | The increase in revenue during the current year compared to the previous year is attributed to the rise in sales volume and the improvement in the average selling price, in addition to the consolidation of the subsidiary's operations starting from the acquisition date on 19-05-2024. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The increase in net profit during the current year compared to the previous year is due to the rise in sales volume and value, the decrease in selling and marketing expenses, and the reduction in the expected credit loss provision, in addition to the consolidation of the subsidiary's operations from the acquisition date. This comes despite the increase in general and administrative expenses due to costs associated with executing the acquisition, as well as the rise in financing expenses during the current year compared to the previous year. |
| Statement of the type of external auditor's report | Unmodified opinion |
| 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) | N/A |
| Reclassification of Comparison Items | Some comparative figures have been reclassified to conform with the presentation of the current period |
| Additional Information | It is worth noting that the group has presented the financial statements on a consolidated basis for the year ended December 31, 2024, following the acquisition of the subsidiary on May 19, 2024. Therefore, the comparative figures for the year ended December 31, 2023, represent only Saudi Lime Industries Company on a standalone basis and are not consolidated or comparable. |
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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