Mubasher TV
Contact Us Advertising   العربية

Balady Poultry Trading Co. announces its Interim Financial Results for the Period Ending on 2023-09-30 ( Nine Months )

BALADY 9559 126.80% 308.00 172.20
Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change
Sales/Revenue 185,471,745 174,763,099 6.13 167,386,596 10.8
Gross Profit (Loss) 26,859,487 30,476,060 -11.87 20,188,406 33.04
Operational Profit (Loss) 21,527,244 25,770,649 -16.47 14,051,944 53.2
Net Profit (Loss) after Zakat and Tax 23,933,974 29,830,492 -19.77 15,944,308 50.11
Total Comprehensive Income 23,933,974 29,830,492 -19.77 15,944,308 50.11
All figures are in (Actual) Saudi Arabia, Riyals
Element List Current Period Similar period for previous year %Change
Sales/Revenue 530,031,313 453,370,315 16.91
Gross Profit (Loss) 75,418,545 74,210,320 1.63
Operational Profit (Loss) 58,379,097 59,794,524 -2.37
Net Profit (Loss) after Zakat and Tax 64,206,313 66,083,483 -2.84
Total Comprehensive Income 64,206,313 66,083,483 -2.84
Total Share Holders Equity (after Deducting Minority Equity) 181,676,103 125,622,567 44.62
Profit (Loss) per Share 9.77 10.05
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 Baladi poultry Trading Company recorded an increase in revenue by 6.12 % in the third quarter of 2023 to reach SAR 185.4 million in line with the company's continued growth

The reason for the decrease in net profit during the current quarter of 2023 compared to the net profit of the same quarter of the previous year, despite the increase in sales revenue, is due to the pressure on prices in the markets compared to last year, as well as the increase in administrative and general expenses, along with the continuous expansion of the company in increasing daily production

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 company's revenue increased by 10.8 % from the previous quarter

Net profit during the current quarter increased by 50.10 % from the previous quarter

The reason for the increase in net profit during the current quarter of 2023 compared to the net profit of the previous quarter of 2023 is due to the increase in sales revenues as a result of an increase in average daily production to

163 thousand birds per day compared to the previous quarter, the average daily is 154 thousand birds

The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is Baladi poultry Trading Company recorded an increase in revenue by 16.90 % during the current period of 2023 to reach 530 million Saudi riyals in line with the continuous growth of the company

The reason for the decrease in net profit for the current period compared to the same period of the previous year, despite the increase in sales revenue, is due to the pressure on prices in the markets compared to the same period of the previous year, along with the continuous expansion of the company in increasing daily production

The average daily production reached 156 thousand birds per day during the current period compared to the same period of the previous year, where the average daily production reached 127 thousand birds

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 do not apply
Reclassification of Comparison Items nothing
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

Comments