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Saudi Fisheries Co. announces its Interim Financial Results for the Period Ending on 2021-09-30 ( Nine Months )

SFICO 6050 16.38% 26.65 3.75
Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change
Sales/Revenue 11,971 9,637 24.219 9,798 22.177
Gross Profit (Loss) 3,405 5,036 -32.386 5,499 -38.079
Operational Profit (Loss) -17,794 -6,043 194.456 -8,315 113.998
Net Profit (Loss) after Zakat and Tax -18,464 -6,166 199.448 -9,634 91.654
Total Comprehensive Income -18,464 -6,166 199.448 -9,634 91.654
All figures are in (Thousands) Saudi Arabia, Riyals
Element List Current Period Similar period for previous year %Change
Sales/Revenue 33,783 30,096 12.25
Gross Profit (Loss) 15,187 12,710 19.488
Operational Profit (Loss) -35,285 -22,394 57.564
Net Profit (Loss) after Zakat and Tax -37,848 -26,108 44.967
Total Comprehensive Income -37,848 -26,108 44.967
Total Share Holders Equity (after Deducting Minority Equity) 267,173 320,106 -16.536
Profit (Loss) per Share -0.95 -0.15
All figures are in (Thousands) Saudi Arabia, Riyals
Accumulated Losses Capital Percentage %
-132,665 400,000 -33.17
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 The reason for the increase in net loss for the current quarter compared ‎‎to the net loss for the same quarter of the previous year In spite of ‎increased sales by 24 % is mainly due to ‎the impairment of Hurdiah ‎Farm increase in selling and marketing expenses, General & ‎administration ,marketing campaign expenses, as well as ‎increase in ‎operating expenses especially in vessels , Farm
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is The reason for the increase in net loss for the current quarter compared ‎‎to the net loss for previous quarter In spite of increased sales by ‎‎22.18% is mainly due to ‎the impairment of Hurdiah Farm and the ‎impact of inventory adjustment
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is The reason for the increase in net loss for the current quarter compared ‎‎to the net loss for the same quarter of the previous year In spite of ‎increased sales by 12% is mainly due to ‎the impairment of Hurdiah ‎Farm . This improvement contributed to ‎containing the increase in farm ‎expenses as a result of starting the ‎aquaculture operations in Al Al-‎Hurairah at the end of year 2020, as ‎well as containing the increase in ‎selling and marketing expenses ‎caused by the increase in bad debt ‎provision and marketing campaign ‎expenses, and the increase in Zakat ‎and other operating expenses.‎
Statement of the type of external auditor's report Unmodified conclusion
Reclassification of Comparison Items N/A
Additional Information Total accumulated losses as of June 30th, 2021, amounted to ‎‎‎132,664,556 riyals, equivalent to 33.17% of the capital, of which ‎‎‎94,816,712 riyals pertain to previous years, and 37,847,844 riyals ‎‎representing the current year’s losses

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