Herfy Food Services Co. announces its Interim Financial Results for the Period Ending on 30-9-2022 (Nine months).

26 October 2022 08:14 AM

HERFY FOODS 6002 3.47% 31.30 1.05

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	309,515,663	352,217,763	-12.12	291,610,958	6.14
Gross Profit (Loss)	67,757,286	116,300,181	-41.74	65,458,660	3.51
Operational Profit (Loss)	27,600,905	67,846,711	-59.32	27,033,146	2.1
Net Profit (Loss) after Zakat and Tax	20,947,437	60,060,191	-65.12	20,198,455	3.71
Total Comprehensive Income	20,947,437	60,060,191	-65.12	20,198,455	3.71
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	929,324,759	984,703,549	-5.62
Gross Profit (Loss)	215,736,535	279,331,379	-22.77
Operational Profit (Loss)	89,973,080	136,691,024	-34.18
Net Profit (Loss) after Zakat and Tax	69,539,517	112,201,955	-38.02
Total Comprehensive Income	69,539,517	112,201,955	-38.02
Total Share Holders Equity (after Deducting Minority Equity)	1,117,748,417	1,006,916,791	11.01
Profit (Loss) per Share	1.08	1.73
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 decrease in the net profit for the 3rd Quarter of 2022 compared to the net profit achieved for the same quarter of 2021 to the decrease of Sales by 12 % In addition, the increase in the cost of goods sold is mainly attributed by the increase of Materials costs which affected the profit margins, also the increase of general and administrative expenses, despite of the increase of the net other Income and the decrease of the selling and marketing expenses and finance cost and zakat expenses.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is	The reason for the increase in the net profit for the 3rd Quarter 2022 compared to the net profit for the 2nd Quarter 2022 due to the increase in the sales by 6 % and the Increase in the net other Income, and the decrease of the selling and marketing expenses and the finance cost despite of the increase of general and administrative expenses.
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 decrease in the net profit for the period ended 30 September 2022 compared to the net profit for the same period last year is attributed to the decrease of Sales by 5.6 % In addition, the increase in the cost of goods sold is mainly attributed by the increase of materials costs which affected the profit margins despite of the increase of the net other income and the decrease of general and administrative expenses and finance cost and zakat expenses.
Statement of the type of external auditor's report	Unmodified conclusion
Reclassification of Comparison Items	Some comparative figures have been reclassified to be consistent with the presentation of the current period.

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