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Al-Jouf Agricultural Development Co. announces its Annual Financial Results for the Period Ending on 2020-12-31

Element ListCurrent YearPrevious Year%Change
Sales/Revenue 223,210224,448-0.551
Gross Profit (Loss) 64,28740,49358.76
Operational Profit (Loss) 8,103-16,086-
Net Profit (Loss) after Zakat and Tax 21,351-20,799-
Total Comprehensive Income 19,391-22,936-
Total Share Holders Equity (after Deducting Minority Equity) 608,134626,243-2.891
Profit (Loss) per Share 0.71-0.69
All figures are in (Thousands) Saudi Arabia, Riyals
Element ListExplanation
The reason of the increase (decrease) in the net profit during the current year compared to the last year is The reason for achieving a net income during year 2020 compared to net loss in year 2019 is mainly due to an increase in the gross margin compared to the previous year, which positively affected the increase in income from operation, In addition to the recognized of net gain SAR 25.46 million resulting from the ownership for the revived land, as well as the decrease in the impairment of property and equipment’s and biological assets, although the increase in selling and distribution cost and general and administrations and Zakat expenses due to recorded of Zakat difference related to prior years.
Statement of the type of external auditor's report Unmodified opinion
Reclassification of Comparison Items Certain comparative figures for the previous period have been reclassified to conform to the way they are presented for the current period.

The Capital Market Authority and the Saudi Stock 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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