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Balady Poultry Trading Co. announces its Interim Financial Results for the Period Ending on 2023-06-30 ( Six Months )

BALADY 9559 126.80% 308.00 172.20
Element List Current Period Similar period for previous year %Change
Sales/Revenue 344,559,568 278,607,216 23.67
Gross Profit (Loss) 48,559,058 43,734,260 11.03
Operational Profit (Loss) 36,851,853 34,023,875 8.31
Net Profit (Loss) after Zakat and Tax 40,272,339 36,252,991 11.09
Total Comprehensive Income 40,272,339 36,252,991 11.09
Total Share Holders Equity (after Deducting Minority Equity) 170,882,129 102,362,075 66.94
Profit (Loss) per Share 6.12 5.52
All figures are in (Actual) Saudi Arabia, Riyals
Element List Explanation
Increase (Decrease) in Net Profit for Current Period Compared to Previous Period is Attributed to Sales revenue during the current period amounted to approximately 344.5 million riyals, while the comparable period of the previous year amounted to approximately 278.6 million riyals, an increase of 23.67 %

The average daily production increased during the current period to 153 thousand birds, while the period of the previous year amounted to 120 thousand birds per day

Lower costs compared to the same period of the previous year

Which led to the net profit during the current period to approximately 40.272 million riyals, an increase from the same period of the previous year by an increase of 11.09 %

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 Not applicable
Reclassification of Comparison Items There is no
Additional Information The profit per share is calculated by dividing the profit after calculating Zakat and taxes by the number of ordinary shares outstanding during the period amounting to 6,570,0000 shares
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