Saudi Marketing Company ( Farm Superstores ) announces its Annual Financial Results for the Period Ending on 2021-12-31
Element List | Current Year | Previous Year | %Change | ||
---|---|---|---|---|---|
Sales/Revenue | 1,651,397 | 1,863,271 | -11.371 | ||
Gross Profit (Loss) | 486,871 | 481,194 | 1.179 | ||
Operational Profit (Loss) | 54,035 | 74,934 | -27.889 | ||
Net Profit (Loss) after Zakat and Tax | 20,774 | 38,763 | -46.407 | ||
Total Comprehensive Income | 20,146 | 37,748 | -46.63 | ||
Total Share Holders Equity (after Deducting Minority Equity) | 634,955 | 614,809 | 3.276 | ||
Profit (Loss) per Share | 0.46 | 0.86 | |||
All figures are in (Thousands) 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 of decrease in the net profit during the current year compared to the previous year is as follows:
- Increase in selling and distribution expenses and general and administrative expenses by SR 26.6 million for the current year compared to the previous year. - Revenue decreased for the current year compared to the previous year amounting to SR 211.9 million due to the impact of high revenue in previous year due to closures related to corona pandemic, however gross profit has been increased by SR 5.7 million for the current year compared to the previous year due to increase in revenue for the entertainment segment with a high profit margin. |
Statement of the type of external auditor's report | Unmodified opinion |
Reclassification of Comparison Items | None |
Additional Information | - The net of non-operating costs and expenses charged to the profits of the current year amounted to SR 33.3 million compared to SR 36.2 million, which represents the net non-operating costs and expenses charged to the profits of the previous year. |
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