Nayifat Finance Co. announces its Interim Financial Results for the Period Ending on 2023-06-30 ( Six Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 101,914 | 99,111 | 2.83 | 100,409 | 1.5 |
| Gross Profit (Loss) | 89,008 | 93,349 | -4.65 | 89,163 | -0.17 |
| Operational Profit (Loss) | 26,253 | 49,244 | -46.69 | 38,954 | -32.6 |
| Net Profit (Loss) after Zakat and Tax | 21,253 | 43,744 | -51.41 | 32,454 | -34.51 |
| Total Comprehensive Income | 21,253 | 43,744 | -51.41 | 32,454 | -34.51 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 202,322 | 193,544 | 4.54 |
| Gross Profit (Loss) | 178,174 | 183,181 | -2.73 |
| Operational Profit (Loss) | 65,207 | 104,266 | -37.46 |
| Net Profit (Loss) after Zakat and Tax | 53,707 | 93,266 | -42.41 |
| Total Comprehensive Income | 53,707 | 93,266 | -42.41 |
| Total Share Holders Equity (after Deducting Minority Equity) | 1,342,407 | 1,210,509 | 10.9 |
| Profit (Loss) per Share | 0.45 | 0.78 | |
| 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 decline in net profit is due to increase in finance cost which is directly linked
with increase in SAIBOR rates in addition to increase in ECL impairment charge. |
| 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 decline in net profit is due to increase in finance cost and ECL impairment charge. |
| 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 decline in net profit is due to increase in finance cost which is directly linked
with increase in SAIBOR rates in addition to increase in ECL impairment charge. |
| 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 | N/A |
| Reclassification of Comparison Items | N/A |
| Additional Information | N/A |
Comments