Saudi Company for Hardware announces its Annual Financial Results for the Period Ending on 2022-12-31
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 1,136.54 | 1,272.5 | -10.68 | ||
| Gross Profit (Loss) | 67.62 | 192.74 | -64.92 | ||
| Operational Profit (Loss) | -107.75 | 13.7 | - | ||
| Net Profit (Loss) after Zakat and Tax | -142.5 | -28.49 | 400.18 | ||
| Total Comprehensive Income | -142.42 | -26.97 | 428.07 | ||
| Total Share Holders Equity (after Deducting Minority Equity) | 413.77 | 556.19 | -25.61 | ||
| Profit (Loss) per Share | -3.96 | -0.79 | |||
| All figures are in (Millions) 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 reasons for the loss during this year were mainly due to the following:
- Drop in sales by 11.7% this year compared to the previous year. - Increasing inventory provision by SAR 38.5M. - Booking impairment loss on non-financial assets by SAR 29.7M |
| Statement of the type of external auditor's report | Unmodified opinion |
| Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion | None |
| Reclassification of Comparison Items | Comparative period figures have been reclassified to conform with current period classification numbers |
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