Saudi Marketing Company ( Farm Superstores ) announces its Interim Financial Results for the Period Ending on 2022-03-31 ( Three Months )

23 May 2022 08:00 AM

FARM SUPERSTORES 4006 31.51% 26.25 6.29

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	438,793	417,458	5.11	421,957	3.989
Gross Profit (Loss)	121,362	117,466	3.316	129,534	-6.308
Operational Profit (Loss)	13,311	12,774	4.203	16,616	-19.89
Net Profit (Loss) after Zakat and Tax	6,173	4,261	44.872	8,498	-27.359
Total Comprehensive Income	6,184	4,283	44.384	7,771	-20.422
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Share Holders Equity (after Deducting Minority Equity)	641,139	619,092	3.561
Profit (Loss) per Share	0.14	0.09
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 of increase in the net profit during the current quarter compared to the same quarter of the previous year is as follows: - Increase in the revenue for the current quarter compared to the same quarter of the previous year amounting to SR 21.3 million due to the increase in the retail revenue of farm superstores compared to the same quarter of the previous year, in addition to the increase in the revenue of the entertainment segment which has a high profit margin for the current quarter compared to the same quarter of the previous year. - The net of non-operating costs and expenses charged to the profits of the current quarter amounted to SR 7.1 million compared to SR 8.5 million, which represents the net non-operating costs and expenses charged to the profits of the same quarter of the previous year.
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 of decrease in the net profit during the current quarter compared to the previous quarter is as follows: - Despite the increase in revenues for the current quarter compared to the previous quarter by SR 16.8 million, the gross profit for the current quarter decreased compared to the previous quarter by SR 8.2 million as a result of the positive impact of the previous quarter’s contribution from the suppliers in terms of achieving annual targets related to the contracts with the suppliers.
Statement of the type of external auditor's report	Unmodified conclusion
Reclassification of Comparison Items	None
Additional Information	- The net of non-operating costs and expenses charged to the profits of the current quarter amounted to SR 7.1 million compared to SR 8.1 million, which represents the net non-operating costs and expenses charged to the profits of the previous quarter.

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