Naseej International Trading Co. announces its Interim Financial Results for the Period Ending on 2023-03-31 ( Three Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 78,735 | 83,630 | -5.85 | 65,090 | 20.96 |
| Gross Profit (Loss) | 17,625 | 18,925 | -6.87 | 1,090 | 1,516.97 |
| Operational Profit (Loss) | 8,650 | 8,036 | 7.64 | -9,919 | - |
| Net Profit (Loss) after Zakat and Tax | 4,086 | 6,463 | -36.78 | -11,619 | - |
| Total Comprehensive Income | 4,086 | 6,463 | -36.78 | -13,827 | - |
| 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) | 109,475 | 115,436 | -5.16 |
| Profit (Loss) per Share | 0.37 | 0.31 | |
| 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 for the decrease in the net profit during the current quarter compared to the same quarter of the previous year is mainly due to the decrease in export sales and the decrease in the other revenue item with the increase in the zakat provision. |
| 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 achieving profits during the current quarter, compared to the previous quarter, is due to the increase in sales by 21%, in addition to the exploitation and sale of obsolete and slow-moving inventory and the increase in collection rates, which led to lower provisions and an improvement in the profit margin. |
| 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 | NA |
| Reclassification of Comparison Items | NA |
| Additional Information | 1- Naseej would like to clarify that the calculation of the earnings per share for the current period is based on the number of shares of 10.897 million shares, while the calculation of the earnings per share for the same period of the previous year is based on the number of shares of 21.163 million shares.
2- Naseej announces that the accumulated profits amounted to 502 thousand riyals as of March 31, 2023, 0.5% of its capital |
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