Development Works Food Co. announces its Interim Financial Results for the Period Ending on 2023-03-31 ( Three Months )

22 May 2023 03:29 PM

DWF 6013 23.40% 123.40 23.40

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	19,704,153	20,220,934	-2.56	19,877,840	-0.87
Gross Profit (Loss)	-1,119,405	-764,348	46.45	-4,825,353	-76.8
Operational Profit (Loss)	-3,418,618	-3,603,478	-5.13	-6,022,780	-43.24
Net Profit (Loss) after Zakat and Tax	-2,707,211	-2,263,403	19.61	-4,636,225	-41.61
Total Comprehensive Income	-2,707,211	-2,263,403	19.61	-4,636,225	-41.61
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Share Holders Equity (after Deducting Minority Equity)	26,545,603	30,272,024	-12.31
Profit (Loss) per Share	-0.91	-0.76
All figures are in (Actual) Saudi Arabia, Riyals

	Accumulated Losses	Capital	Percentage %
	-3,755,187	30,000,000	13
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 loss in the current quarter compared to the same quarter of the previous year is due to the following reasons: 1- Decrease in sales due to the company’s activities being seasonal in which demand increases in summer and decreases in winter. 2- Decrease in other revenue item 3- Increase in financing costs.
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 decrease in loss in the current quarter compared to the previous quarter is due to the decrease in cost of revenues in the current quarter compared to the previous quarter
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	Certain comparative period figures have been reclassified to conform to the current period presentation.
Attached Documents

DWF Quarterly Financials Report Q1 2023