Saudi Research and Media Group announces its Interim Financial Results for the Period Ending on 2022-09-30 (Nine Months)
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 1,002.7 | 813.9 | 23.2 | 907.2 | 10.53 |
| Gross Profit (Loss) | 397.1 | 350.5 | 13.29 | 328.8 | 20.77 |
| Operational Profit (Loss) | 273.9 | 232.1 | 18.01 | 193.5 | 41.55 |
| Net Profit (Loss) after Zakat and Tax | 246.5 | 204.9 | 20.3 | 168.7 | 46.12 |
| Total Comprehensive Income | 203 | 198.7 | 2.16 | 140.1 | 44.9 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 2,696.3 | 2,113.5 | 27.57 |
| Gross Profit (Loss) | 987.5 | 830.5 | 18.9 |
| Operational Profit (Loss) | 602.6 | 506.6 | 18.95 |
| Net Profit (Loss) after Zakat and Tax | 527.8 | 431 | 22.46 |
| Total Comprehensive Income | 447.5 | 430.9 | 3.85 |
| Total Share Holders Equity (after Deducting Minority Equity) | 2,517.6 | 1,958.4 | 28.55 |
| Profit (Loss) per Share | 6.6 | 5.39 | |
| 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 the previous year is mainly due to the increase in gross profit, resulting mainly from the increase in revenues by 23.2%, noting that the direct costs for the current quarter increased compared to the same quarter of the 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 quarter of the current year is | The reason for the increase in net profit during the current quarter compared to the previous quarter of the current year is mainly due to the increase in gross profit by 20.8%. |
| 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 increase in net profits for the current period compared to the same period of the previous year is due to the increase in the gross profit, resulting mainly from the increase in revenues by 27.6% noting that the direct costs for the current period increased compared to the same period of the previous year mainly due to operating costs of certain projects in line with the announced strategy. |
| 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 1,002.7 million compared to SR 813.9 million for the same quarter of the last year, an increase of 23.2%, and compared to SR 907.2 million in the previous quarter of the current year, an increase of 10.5%.
The total revenue of the current period is SR 2,696.3 million compared to SR 2,113.5 million for the same period of the previous year, an increase of 27.6%.
Total Comprehensive Income of the parent company for the current quarter is SR 203.0 million compared to SR 198.7 million for the same quarter of the last year, an increase of 2.2%. and compared to SR 140.1 million in the previous quarter of the current year, an increase of 44.9%.
The total shareholders equity for the parent company (after excluding non-controlling interest) as at the end of the current period is SR 2,517.6 million compared to SR 1,958.4 million for the same period of the previous year, an increase of 28.6%, and compared to SR 2,314.6 million as at the end of the previous quarter of the current year, an increase of 8.8%.
The retained earnings balance as of 30th of September 2022 is SR 1,433.9 million. |
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