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

13 August 2023 03:51 PM

DWF 6013 23.40% 123.40 23.40

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	27,175,659	33,807,325	-19.62	19,877,840	36.71
Gross Profit (Loss)	3,023,981	5,987,510	-49.49	-4,825,353	-
Operational Profit (Loss)	448,510	3,179,324	-85.89	-6,022,780	-
Net Profit (Loss) after Zakat and Tax	361,317	3,261,057	-88.92	-4,636,225	-
Total Comprehensive Income	361,317	3,261,057	-88.92	-4,636,225	-
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	46,879,812	54,028,259	-13.23
Gross Profit (Loss)	1,904,576	5,223,162	-63.53
Operational Profit (Loss)	-2,970,108	-424,152	600.25
Net Profit (Loss) after Zakat and Tax	-2,345,894	997,655	-
Total Comprehensive Income	-2,345,894	997,655	-
Total Share Holders Equity (after Deducting Minority Equity)	26,860,899	29,277,425	-8.25
Profit (Loss) per Share	-0.78	0.33
All figures are in (Actual) Saudi Arabia, Riyals

	Accumulated Losses	Capital	Percentage %
	-3,439,891	30,000,000	-11
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 profits in the current quarter compared to the same quarter of the previous year is due to the decrease in sales and other revenues. Despite the decrease in general and administrative expenses by 16%
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 in the current quarter compared to a loss in the previous quarter is due to the increase in sales in the current quarter compared to the previous quarter
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 the losses of the current period compared to the profits of the similar period in the previous year is due to the decrease in sales in the current period compared to the same period of the previous year
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 Q2 2023