Sadr Logistics Co. announces its Interim Financial Results for the Period Ending on 2021-06-30 ( Six Months )

19 August 2021 04:02 PM

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Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	16,079	10,794	48.962	14,877	8.079
Gross Profit (Loss)	4,020	3,910	2.813	4,414	-8.926
Operational Profit (Loss)	712	1,647	-56.769	1,033	-31.074
Net Profit (Loss) after Zakat and Tax	245	1,546	-84.152	601	-59.234
Total Comprehensive Income	245	1,546	-84.152	601	-59.234
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	30,956	21,056	47.017
Gross Profit (Loss)	8,435	6,256	34.83
Operational Profit (Loss)	1,746	1,339	30.395
Net Profit (Loss) after Zakat and Tax	846	1,221	-30.712
Total Comprehensive Income	846	1,221	-30.712
Total Share Holders Equity (after Deducting Minority Equity)	33,944	33,193	2.262
Profit (Loss) per Share	0.34	49
All figures are in (Thousands) Saudi Arabia, Riyals

	Accumulated Losses	Capital	Percentage %
	0	25,000	0
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	Despite the increase and growth in sales during the current quarter by 49% compared to the same quarter of last year as a result of the increase in sales of all the company’s sectors and the addition of the logistics sector, which led to an increase in sales, However the net profits of the current quarter decreased compared to the same quarter of last year, as a result of the increase in the cost of revenues to an increase Prices of raw materials, increase in selling and marketing expenses, increase in general and administrative expenses, increase in financing costs, and decrease in other income and investment income.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is	Despite the increase in sales of the current quarter compared to the previous quarter by 8%, However the net profit during the current quarter decreased compared to the previous quarter, as a result of higher cost of revenue due to higher raw material prices, higher selling and marketing expenses, and lower investment income.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	Despite the increase and growth of sales during the current period by 47% compared to the same quarter of last year as a result of the increase in sales of all the company’s sectors and the addition of the logistics sector, which led to an increase in sales, However the net profits of the current period decreased compared to the same period of last year as a result of the increase in the cost of revenues to the increase The prices of raw materials, the increase in selling and marketing expenses, the increase in general and administrative expenses, the increase in financing costs, and the decrease in other income and investment income.
Statement of the type of external auditor's report	Unmodified conclusion
Reclassification of Comparison Items	Certain comparative figures have been re-presented and classified to conform to the presentation for the current period.
Additional Information	The basic and diluted share of profit or loss for the current period and the previous period was calculated by dividing the net profit or loss for the period after zakat attributable to the shareholders of the company by the weighted average number of ordinary shares outstanding at the end of the current period amounting to 2,500,000 shares after taking the retroactive increase in shares.

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