Al-Jouf Agricultural Development Co. announces its Annual Financial Results for the Period Ending on 2020-12-31
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 223,210 | 224,448 | -0.551 | ||
| Gross Profit (Loss) | 64,287 | 40,493 | 58.76 | ||
| 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) | 608,134 | 626,243 | -2.891 | ||
| Profit (Loss) per Share | 0.71 | -0.69 | |||
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Explanation |
|---|---|
| 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. |
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