Saudi Marketing Company ( Farm Superstores ) announces its Interim Financial results for the Period Ending on 2024-03-31 ( Three Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 476,865 | 479,936 | -0.639 | 454,990 | 4.807 |
| Gross Profit (Loss) | 140,619 | 136,887 | 2.726 | 137,513 | 2.258 |
| Operational Profit (Loss) | 24,244 | 24,269 | -0.103 | 18,426 | 31.574 |
| Net profit (Loss) | 6,850 | 7,446 | -8.004 | 3,072 | 122.981 |
| Total Comprehensive Income | 7,007 | 7,480 | -6.323 | 5,409 | 29.543 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Share Holders Equity (After Deducting the Minority Equity) | 667,589 | 666,399 | 0.178 |
| Profit (Loss) per Share | 0.15 | 0.17 | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Element List | Percentage of the capital (%) | Amount | |
|---|---|---|---|
| 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 quarter compared to the same quarter of the last year is | - Decrease in the revenues of the current quarter compared to the same quarter of the previous year by SR 3.1 million, a decrease of 0.64% due to decrease in the revenue of Farm Superstores branches for the current quarter 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 same quarter of the last year is | The reason of decrease in the net profit during the current quarter compared to the same quarter of the previous year is as follows:
- Increase in total operating expenses for the current quarter compared to the same quarter of the previous year by SR 3.5 million, despite of the increase in gross profit of current quarter compared to the same quarter of the previous year by SR 3.7 million. - The net of non-operating costs and expenses charged to the profits of the current quarter amounted to SR 17.4 million compared to SR 16.8 million, which represents the net non-operating costs and expenses charged to the profits of the same quarter of the previous year. - An additional zakat provision of SR 2 million is made for prior years’ zakat assessments in the current quarter. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | - Increase in the revenues of the current quarter compared to the previous quarter by SR 21.9 million due to the increase in the revenue of Farm Superstores branches for the current quarter compared to the previous quarter due to reason of Ramadan season occurred in the current quarter of the current year. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The reason of increase in the net profit during the current quarter compared to the previous quarter is as follows:
- Increase in the revenues of the current quarter compared to the previous quarter by SR 21.9 million due to the increase in the revenue of Farm Superstores branches for the current quarter compared to the previous quarter due to Ramadan season occurred in the current quarter of the current year, in addition, there is an increase in gross profit of current quarter compared to the previous quarter by SR 3.1 million and increase in the rental income of the current quarter compared to the previous quarter by SR 6.1 million. Knowing that Increase in total operating expenses for the current quarter compared to the previous quarter by SR 3.4 million and an additional zakat provision of SR 2 million is made for prior years’ zakat assessments in the current quarter. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| 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) | None |
| Reclassification of Comparison Items | None |
| Additional Information | -The net of non-operating costs and expenses charged to the profits of the current quarter amounted to SR 17.4 million compared to SR 15.4 million, which represents the net non-operating costs and expenses charged to the profits of the previous quarter. |
Comments