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Fad International Co. announces its Annual Financial results for the period ending on 2023-12-31

FAD 9589 0.00% 0.00 0.00
Element List Current Year Previous Year %Change
Sales/Revenue 163,961.87 170,226.65 -3.68
Gross Profit (Loss) 102,384.93 109,413.02 -6.42
Operational Profit (Loss) 5,406.39 17,166.26 -68.5
Net profit (Loss) 261.53 14,621.95 -98.21
Total Comprehensive Income 306.72 15,698.02 -98.05
Total Share Holders Equity (After Deducting the Minority Equity) 16,860.72 21,353.56 -21.04
Profit (Loss) per Share 0.22 12.18
All figures are in (Thousands) Saudi Arabia, Riyals


Element List Amount Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value - -
Accumulated Losses - -
All figures are in (Thousands) 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 revenue has decreased from last year mainly due to the decrease in sales volume in offline sales channel.
The reason of the increase (decrease) in the net profit during the current year compared to the last year is The reason for the decrease in profit for the year 2023 as compared to last year is mainly due to the increase in operating expenses. e.g. depreciation and marketing expenses.

Other factors include finance costs and provision of slow-moving stock.

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) Not Applicable
Reclassification of Comparison Items Not Applicable
Additional Information -

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