Saudi Marketing Company ( Farm Superstores ) announces its Interim Financial Results for the Period Ending on 2023-03-31 ( Three Months )

22 May 2023 08:07 AM

FARM SUPERSTORES 4006 -0.20% 19.96 -0.04

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	479,936	438,793	9.38	477,004	0.61
Gross Profit (Loss)	136,887	121,362	12.79	137,772	-0.64
Operational Profit (Loss)	24,269	17,426	39.27	25,871	-6.19
Net Profit (Loss) after Zakat and Tax	7,446	6,173	20.62	6,751	10.29
Total Comprehensive Income	7,480	6,184	20.96	8,026	-6.8
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Share Holders Equity (after Deducting Minority Equity)	666,399	641,139	3.94
Profit (Loss) per Share	0.17	0.14
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	The reason of increase in the net profit during the current quarter compared to the same quarter of the previous year is as follows: - Increase in the revenues of the current quarter compared to the same quarter of the previous year by SR 41.1 million due to the increase in the retail revenue of farm superstores in the current quarter compared to the same quarter of the previous year, in addition to the increase in the revenue of the entertainment segment for the current quarter compared to the same quarter of the previous year. Knowing that operating expenses for the current quarter compared to the same quarter of the previous year, have been increased by SR 8.4 million and decrease in rental income for the current quarter compared to the same quarter of the previous year by SR 0.3 million.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is	The reason of increase in the net profit during the current quarter compared to the previous quarter is as follows: - The net of non-operating costs and expenses charged to the profits of the current quarter, amounting to SR 16.8 million, compared to SR 19.1 million, which represents the net non-operating costs and expenses charged to the profits of the previous quarter.
Statement of the type of external auditor's report	Unmodified conclusion
Reclassification of Comparison Items	Certain comparative figures have been reclassified to conform to the current period presentation.
Additional Information	-The net of non-operating costs and expenses charged to the profits of the current quarter amounted to SR 16.8 million compared to SR 11.3 million, which represents the net non-operating costs and expenses charged to the profits of the same quarter of the previous year.

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