Saudi Research and Media Group announces its Interim Financial Results for the Period Ending on 2022-03-31 (Three Months)
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 786.3 | 596.8 | 31.752 | 932.5 | -15.678 |
| Gross Profit (Loss) | 261.6 | 208.4 | 25.527 | 226.2 | 15.649 |
| Operational Profit (Loss) | 135.2 | 114.7 | 17.872 | 123.3 | 9.651 |
| Net Profit (Loss) after Zakat and Tax | 112.5 | 91.5 | 22.95 | 106.1 | 6.032 |
| Total Comprehensive Income | 104.4 | 119.5 | -12.635 | 108.1 | -3.422 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Share Holders Equity (after Deducting Minority Equity) | 2,174.5 | 1,647 | 32.027 |
| Profit (Loss) per Share | 1.41 | 1.14 | |
| All figures are in (Millions) 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 increase in net profit for the current quarter compared to the same quarter of last year is mainly due to the increase in gross profit, resulting mainly from the increase in revenues by 31.8%, noting that the direct costs for the current quarter increased compared to the same quarter of last year mainly due to operating costs of certain projects in line with the announced strategy. |
| 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 slight increase in net profit during the current quarter compared to the previous quarter is mainly due to the increase in gross profit by 15.6%. |
| 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 | None. |
| Reclassification of Comparison Items | Certain prior period figures have been re-classified to conform with the presentation of the current period. |
| Additional Information | The total revenue of the current quarter is SR 786.3 million compared to SR 596.8 million for the same quarter of last year, an increase of 31.8%, and compared to SR 932.5 million in the previous quarter, a decrease of 15.6%.
Total Comprehensive Income of the parent company for the current quarter is SR 104.4 million compared to SR 119.5 million for the same quarter of last year, a decrease of 12.6%, and compared to SR 108.1 million in the previous quarter, a decrease of 3.4%.
The total shareholders equity for the parent company (after excluding non-controlling interest) as at the end of the current quarter is SR 2,174.5 million compared to SR 1,647.0 million for the same quarter of last year, an increase of 32.0%, and compared to SR 2,066.5 million as at the end of the previous quarter, an increase of 5.2%.
The retained earnings as of 31st of March 2022 is SR 1,018.7 million. |
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