AnnouncementDetails

Actions

Raydan Food Co. announces its Interim Financial Results for the Period Ending on 2022-03-31 ( Three Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 37,338.11932,873.71613.5829,832.84425.157
Gross Profit (Loss) 2,363.692-2,942.88--4,899.937-
Operational Profit (Loss) -3,024.162-7,676.668-60.605-15,200.964-80.105
Net Profit (Loss) after Zakat and Tax -4,713.692-9,249.746-49.039-17,474.473-73.025
Total Comprehensive Income -4,802.599-9,248.943-48.074-17,481.401-72.527
All figures are in (Thousands) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Total Share Holders Equity (after Deducting Minority Equity) 203,114.809177,001.13714.753
Profit (Loss) per Share -0.14-0.41
All figures are in (Thousands) Saudi Arabia, Riyals
Accumulated LossesCapitalPercentage %
-162,218.396337,50048.06
All figures are in (Thousands) Saudi Arabia, Riyals
Element ListExplanation
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is Increase in sales and other revenues
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is Increase in sales, decrease in impairment losses in the value of real estate, machinery and equipment, and decrease in losses on disposal of real estate, machinery and equipment.
Statement of the type of external auditor's report Unmodified conclusion
Reclassification of Comparison Items - The group has amended the comparative figures in its consolidated financial statements for the year ending on December 31, 2021, in Note No. 32 of those financial statements. This resulted in an adjustment to the comparative figures as on January 1, 2021 and March 31, 2021.

(It has an impact on the net loss for the period March 31, 2021, which was previously announced)

Additional Information - The Sales for the current quarter amounted to 37,338,119 SR, compared to 32,873,716 SR for the same quarter of the previous year, with an increase of 4,464,403 SR, and percent of 13.58%.

- The gross profit for the current quarter amounted to 2,363,692 SR, compared to a gross loss of -2,942,880 SR for the same quarter of the previous year, with an increase of 5,306,572 SR, and percent of 180.32%.

- The operating loss for the current quarter amounted to - 3,024,162 SR, compared to an operating loss - 7,676,668 SR for the same quarter of the previous year, with a decrease of 4,652,506 SR, and percent of 60.61%.

- The net loss after zakat and tax for the current quarter amounted to - 4,713,692 SR, compared to a net loss of - 9,249,746 SR for the same quarter of the previous year, with a decrease of 4,536,054 SR, and percent of 49.04%. And compared to a net loss of -17,474,473 SR for the previous quarter, a decrease of 12,760,781 SR, and percent of 73.03%.

- The total loss from comprehensive income for the current quarter amounted to -4,802,599 SR. Compared to a loss of comprehensive income -9,248,943 SR for the same quarter of the previous year, with a decrease of 4,446,344 SR, and percent of 48.07%. Compared to a loss from comprehensive income of -17,481,401 SR for the previous quarter, a decrease of 12,678,802 SR, and percent of 72.53%.

- The loss per share for the current period amounted to -0.14 SR. Compared to a loss per share of -0.41 SR for the same period of the previous year.

- The Total shareholders’ equity (after excluding minority rights) for the current period (first quarter March 31, 2022) amounted to 203,114,809 SR, compared to 177,001,137 SR for the same period of the previous year (for the period as on March 31, 2021). With an increase of 26,113,672 SR, and percent of 14.75%.

Accumulated losses

The accumulated losses at the end of the current period amounted to - 162,218,396 SR, and percent of -48.06% of the capital.

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.

Company Profile

Actions

Company Profile

Summary

Last Price Net Change
12.28 -0.04 (-0.32%)
Value Traded (SAR) Volume Traded
1,795,110.28 146,453