Development Works Food Co. announces its Interim Financial Results for the Period Ending on 2023-09-30 ( Nine Months )

09 November 2023 04:11 PM

DWF 6013 21.40% 121.40 21.40

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	23,859,186	24,744,341	-3.58	27,175,659	-12.2
Gross Profit (Loss)	1,855,023	2,563,187	-27.63	3,023,981	-38.66
Operational Profit (Loss)	-1,018,582	-252,415	303.53	448,510	-
Net Profit (Loss) after Zakat and Tax	508,849	502,989	1.17	361,317	40.83
Total Comprehensive Income	508,849	502,989	1.17	361,317	40.83
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	70,738,998	78,772,600	-10.2
Gross Profit (Loss)	3,759,599	7,786,349	-51.72
Operational Profit (Loss)	-3,988,690	-676,567	489.55
Net Profit (Loss) after Zakat and Tax	-1,837,045	1,500,644	-
Total Comprehensive Income	-1,837,045	1,500,644	-
Total Share Holders Equity (after Deducting Minority Equity)	27,395,830	33,754,594	-18.84
Profit (Loss) per Share	-0.63	0.4
All figures are in (Actual) Saudi Arabia, Riyals

	Accumulated Losses	Capital	Percentage %
	-2,904,960	30,000,000	-9.68
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 increase in net profit for the current quarter compared to the same quarter of the previous year is due to the increase in other revenues.
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 the increase in net profit for the current quarter compared to the previous quarter is due to the increase in other revenues.
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 decrease in net profit during the current period compared to the net profit for the similar period of the previous year is due to the decrease in sales despite the decrease in general and administrative expenses by 9%.
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.
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