Development Works Food Co. announces its Annual Financial Results for the Period Ending on 2021-12-31

29 March 2022 08:15 AM

DWF 6013 21.80% 121.80 21.80

Element List	Current Year	Previous Year	%Change
Sales/Revenue	100,858,743	94,503,256	6.725
Gross Profit (Loss)	11,325,880	2,620,690	332.171
Operational Profit (Loss)	-256,945	-5,350,949	-95.198
Net Profit (Loss) after Zakat and Tax	2,677,348	-8,103,266	-
Total Comprehensive Income	2,372,827	-8,158,749	-
Total Share Holders Equity (after Deducting Minority Equity)	32,563,655	30,519,517	6.697
Profit (Loss) per Share	0.68	-2.8
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the net profit during the current year compared to the last year is	The reason for the increase in net profit for the current year 2021 compared to the net loss for the previous year 2020 is mainly due to the exit from unprofitable activities and focus on activities that generate revenue and to increase sales
Statement of the type of external auditor's report	Unmodified opinion
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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