Herfy Food Services Co. announces its Interim Financial Results for the Period Ending on 2023-06-30 ( Six Months )

06 August 2023 05:09 AM

HERFY FOODS 6002 2.64% 31.05 0.80

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	288,220,371	298,081,804	-3.31	275,126,129	4.76
Gross Profit (Loss)	71,821,987	80,014,133	-10.24	54,280,305	32.32
Operational Profit (Loss)	13,464,230	30,947,376	-56.49	-4,445,451	-
Net Profit (Loss) after Zakat and Tax	4,536,545	21,280,386	-78.68	-12,816,131	-
Total Comprehensive Income	4,536,545	21,280,386	-78.68	-12,816,131	-
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	563,346,500	629,078,694	-10.45
Gross Profit (Loss)	126,102,292	176,952,720	-28.74
Operational Profit (Loss)	9,018,779	67,620,167	-86.66
Net Profit (Loss) after Zakat and Tax	-8,279,586	47,995,803	-
Total Comprehensive Income	-8,279,586	47,995,803	-
Total Share Holders Equity (after Deducting Minority Equity)	1,015,933,318	1,091,594,617	-6.93
Profit (Loss) per Share	-0.13	0.74
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 Decrease in the net profit for the 2nd Quarter of 2023 compared to the net profit for the same quarter of 2022 is due to the decrease in Sales, in addition to the increase in the percentage of the cost of sales and the increase of the selling and marketing expenses and the General and Administration Expenses, also the decrease of net other Income and the increase of the zakat Expenses, despite the decrease of the finance cost.
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 achieved net profit for the 2nd Quarter of 2023 compared to the net losses for the previous quarter of 2023 is due to the increase in Sales, in addition to the decrease of the percentage of the cost of sales and the decrease of the selling and marketing expenses despite the increase of General and Administration Expenses and the increase of the finance cost and the decrease of net other Income and the increase zakat Expenses.
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 achieved net losses for the period ended 30 June 2023 compared to the net profit for the same period 2022 is due to the decrease in Sales in addition to the increase of the percentage of the cost of sales and the increase of the selling and marketing expenses and the increase of the zakat expenses despite the increase of net other Income and the decrease of the General and Administration Expenses and the decrease of the finance cost.
Statement of the type of external auditor's report	Unmodified conclusion
Reclassification of Comparison Items	Certain comparative figures have been modified and reclassified to conform with the 2nd Quarter 2023 presentation for more information refer to note No. (21) of the financial statements.
Additional Information	For more information refer to the financial statements report, which will be uploaded to the Tadawul website during the regular period.

Comments