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Zahrat Al Waha for Trading Co. announces its Interim Financial Results for the Period Ending on 2020-03-31 ( Three Months )

OASIS 3007 -0.16% 31.90 -0.05
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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