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

11 November 2021 08:03 AM

DWF 6013 19.40% 119.40 19.40

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	33,163,206	29,675,173	11.754	24,607,302	34.769
Gross Profit (Loss)	3,772,385	3,599,553	4.801	6,034,044	-37.481
Operational Profit (Loss)	275,893	1,524,733	-81.905	2,563,514	-89.237
Net Profit (Loss) after Zakat and Tax	770,115	661,195	16.473	2,847,674	-72.956
Total Comprehensive Income	770,115	661,195	16.473	2,847,674	-72.956
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	77,578,804	78,356,936	-0.993
Gross Profit (Loss)	12,104,437	1,002,618	1,107.283
Operational Profit (Loss)	1,983,769	-4,609,862	-
Net Profit (Loss) after Zakat and Tax	3,809,395	-5,354,696	-
Total Comprehensive Income	3,809,395	-5,354,696	-
Total Share Holders Equity (after Deducting Minority Equity)	33,954,309	32,879,185	3.269
Profit (Loss) per Share	1.14	-2.14
All figures are in (Actual) 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 profit for the current quarter of 2021 AD compared to the net profit for the same quarter of the previous year 2020 AD is mainly due to the increase in sales and focus on activities that generate returns
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 decrease in the net profit for the current quarter of 2021 AD compared to the net profit for the previous quarter of the year 2021 AD is due to the decrease in the profit of the controlling company due to seasonality.
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 profit for the current period of 2021 AD compared to the net losses for the same period of the previous year 2020 AD is mainly due to the exit from unprofitable activities and focus on activities that generate a return as well as controlling operating costs
Statement of the type of external auditor's report	Unmodified conclusion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion	NA
Reclassification of Comparison Items	Certain figures for the comparative period have been reclassified to conform to the presentation for the current period.

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