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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