Zahrat Al Waha for Trading Co. announces its Interim Financial Results for the Period Ending on 2020-03-31 ( Three Months )
Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
---|---|---|---|---|---|
Sales/Revenue | 123,646,656 | 129,890,969 | -4.807 | 109,451,627 | 12.969 |
Gross Profit (Loss) | 20,946,147 | 16,797,523 | 24.697 | 30,146,023 | -30.517 |
Operational Profit (Loss) | 16,548,283 | 13,440,166 | 23.125 | 26,626,471 | -37.85 |
Net Profit (Loss) after Zakat and Tax | 12,912,046 | 9,130,395 | 41.418 | 22,392,150 | -42.336 |
Total Comprehensive Income | 13,123,199 | 8,983,004 | 46.089 | 22,444,520 | -41.53 |
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) | 236,306,567 | 201,881,782 | 17.051 |
Profit (Loss) per Share | 0.86 | 0.61 | |
All figures are in (Actual) Saudi Arabia, Riyals |
Element List | Explanation |
---|---|
Increase (Decrease) in Net Profit for Current Quarter Compared to the Same Quarter of the Previous Year is Attributed to | Net profit for the current quarter compared to the same quarter of the previous year is being increased mainly resulting from:
- Decrease in cost of goods sold - Decrease in financial charges |
Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to | Net profit for the current quarter compared to the previous quarter is being decreased due to
- Increase in cost of goods sold - Increase in selling and distribution expenses and general and administrative expenses |
Basis of the External Auditor's Opinion | Unmodified opinion |
Reclassification of Comparison Items | No |
Additional Information | 1- Sales volume in the current quarter is being increased by 9% compared to the same quarter from the previous year but the sales value in the current quarter is being decreases by 4.81% compared with the same quarter in the previous year due to the decrees in the selling prices which is strongly linked to the raw material price " raw material price is the main drive of the selling price " that already declined resulting from oil price decline.
2- The cost of goods sold for the current quarter decreased by 9.19% compared to the cost of goods sold for the same quarter of the previous year due to the decrease in raw material prices. 3- The decrease in finance costs for the current quarter by 23.31% compared to the same quarter of the previous year. 4- The balance of long-term loans on March 31, 2020 (67,668,569 SR)decreased by 17.86% from the balance of December 31, 2019 (82,382,743 SR). 5- The balance of short-term loans on March 31, 2020 (88,811,968 SR)decreased by 21.53% from the balance of December 31, 2019 (113,175,031 SR). |
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