Al Kathiri Holding Co. announces its Interim Financial Results for the Period Ending on 2023-06-30 ( Six Months )

14 August 2023 08:46 AM

ALKATHIRI 3008 10.29% 2.68 0.25

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	32,666,863	20,731,309	57.57	32,114,499	1.72
Gross Profit (Loss)	10,756,241	2,638,183	307.71	9,047,856	18.88
Operational Profit (Loss)	2,472,873	-2,824,583	-	2,442,045	1.26
Net Profit (Loss) after Zakat and Tax	666,169	-3,472,997	-	1,558,139	-57.24
Total Comprehensive Income	666,169	-3,472,997	-	1,558,139	-57.24
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	64,781,362	46,005,532	40.81
Gross Profit (Loss)	19,804,097	6,957,805	184.63
Operational Profit (Loss)	4,914,918	-4,424,647	-
Net Profit (Loss) after Zakat and Tax	2,224,308	-5,545,081	-
Total Comprehensive Income	2,224,308	-5,545,081	-
Total Share Holders Equity (after Deducting Minority Equity)	137,418,036	128,239,482	7.16
Profit (Loss) per Share	0.01	-0.02
All figures are in (Actual) 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 for the company's net profit during the current quarter compared to the losses incurred during the similar quarter of the previous year is due to: Increase in revenues and decrease in production costs compared to the same quarter of the previous year.
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 for the decrease in the net profit during the current quarter compared to the previous quarter is due to: increased general and administrative expenses.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	The reason for the company's net profit during the current period compared to the losses incurred during the same period of the previous year is due to: Increase in revenues and decrease in production costs compared to the same period
Statement of the type of external auditor's report	Unmodified conclusion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion	There's no
Reclassification of Comparison Items	Certain comparative figures have been reclassified to correspond to the current period presentation.
Additional Information	The earnings per share and the weighted average number of shares for the six-month period ending on June 30, 2022 have been adjusted to align with the weighted average number of new shares after its increase during the year 2023. The calculation of the basic / diluted earnings per share is based on the profit attributable to ordinary shareholders and the weighted average number of ordinary shares outstanding. The earnings per share for the six months ending on June 30, 2023 AD were calculated on the basis of the weighted average number of outstanding shares at the end of the period. The diluted earnings per share is the same as the basic earnings per share since the company has no transferable securities and no diluted financial instruments to exercise. The weighted average number of shares on June 30, 2022 AD has been retroactively adjusted to be in line with the weighted average number of new shares after its increase during the year 2023 AD (Note 1) as required in accordance with International Accounting Standard No. 33 (Earnings per Share).

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