Raoom Trading Co. announces its Annual Financial results for the period ending on 2023-12-31
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 135,041,376 | 135,229,032 | -0.14 | ||
| Gross Profit (Loss) | 43,292,858 | 43,708,463 | -0.95 | ||
| Operational Profit (Loss) | 30,869,894 | 34,141,220 | -9.58 | ||
| Net profit (Loss) | 46,575,187 | 30,743,382 | 51.5 | ||
| Total Comprehensive Income | 46,530,770 | 30,382,941 | 53.15 | ||
| Total Share Holders Equity (After Deducting the Minority Equity) | 136,431,001 | 107,087,731 | 27.4 | ||
| Profit (Loss) per Share | 7.45 | 4.92 | |||
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | 18,368,660 | 29.38 | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year | The company-maintained revenues at approximately 135 million SAR during the current year, a minor decrease of 0.14% from the previous year.
The company achieved an operating profit of 30.9 million SAR, compared to 34.14 million SAR, a decrease of 9.58% from the previous year as a result of an increase in general and administrative expenses as a result of incurring additional professional fees expenses related to the company’s conclusion of a non-binding memorandum of understanding to acquire an asset, which was canceled during the current year. The company achieved a net profit of 46.8 million SAR, compared to 30.7 million SAR during the previous year, an increase of 52.1%, mainly due to achieving non-recurring profits from short-term investments. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The company-maintained revenues at approximately 135 million SAR during the current year, a minor decrease of 0.14% from the previous year.
The company achieved an operating profit of 30.9 million SAR, compared to 34.14 million SAR, a decrease of 9.58% from the previous year as a result of an increase in general and administrative expenses as a result of incurring additional professional fees expenses related to the company’s conclusion of a non-binding memorandum of understanding to acquire an asset, which was canceled during the current year. The company achieved a net profit of 46.8 million SAR, compared to 30.7 million SAR during the previous year, an increase of 52.1%, mainly due to achieving non-recurring profits from short-term investments. |
| Statement of the type of external auditor's report | Unmodified opinion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | Nothang |
| Reclassification of Comparison Items | Nothang |
| Additional Information | - |
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