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Herfy Food Services Co. announces its interim Financial results for the period ending on 31 -03-2019 ( Three Months )

HERFY FOODS 6002 11.74% 33.80 3.55
Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change
Sales/Revenue 313,403,196 286,297,063 9.467 325,196,354 -3.626
Total Profit (Loss) 93,541,373 78,978,917 18.438 90,672,380 3.164
Profit (Loss) Operational 59,218,084 51,972,193 13.941 56,567,498 4.685
Net Profit (Loss) after Zakat and Tax 48,063,547 47,745,321 0.666 52,429,396 -8.327
Total Comprehensive Income 48,063,547 47,745,321 0.666 51,990,169 -7.552
All figures are in (Actual) Saudi Arabia, Riyals
Element List Current Period Similar period for previous year %Change
Total Share Holders Equity (after deducting minority equity) 987,859,404 914,560,527 8.014
Profit (Loss) per Share 0.74 0.74
All figures are in (Actual) Saudi Arabia, Riyals
Element List Explanation
Reason for increase (decrease) in net profit for current quarter compared to the same quarter of the previous year The increase of net profit due to increase in sales which led to higher gross profit. as will as the increase in net other Income despite the increase in selling and marketing and the increase of General and Administration Expenses and the increase of finance cost- due to implementation IFRS (16) Rent Contracts- for current quarter compared to the same quarter of the previous year
Reason for increase (decrease) in net profit for current quarter compared to the previous quarter The decrease of net profit due to decreasing in sales. and the increase in selling and marketing and the increase of General and Administration Expenses and the increase the of finance cost- due to implementation IFRS (16) Rent Contracts- despite the increase in net other Income for current quarter compared to the previous quarter for the previous year . The comparison for the quarter against the same quarter of the last year is more relevant since it is more aligned to similar market conditions and seasonality .
Type of the external auditor's opinion Unmodified opinion
Reclassifications in quarter financial result Some comparative figures have been reclassified to be consistent with the presentation of the current period
Additional Information Starting the 1st of January 2019 the company has implementation IFRS (16) Rent Contracts. For more information regarding the impact of implementation of IFRS 16 Rent Contracts refer to note 4 (Summary of Significant Accounting Policies) attached to the financial statements for the quarter ended March 31, 2019 .

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