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Balady Poultry Trading Co. announces its Annual Financial results for the period ending on 2023-12-31

BALADY 9559 -0.88% 135.80 -1.20
Element List Current Year Previous Year %Change
Sales/Revenue 757,719,070 641,282,707 18.16
Gross Profit (Loss) 115,341,499 96,446,734 19.59
Operational Profit (Loss) 91,804,169 76,198,387 20.48
Net profit (Loss) 100,913,068 85,101,587 18.58
Total Comprehensive Income 99,320,907 84,210,706 17.94
Total Share Holders Equity (After Deducting the Minority Equity) 210,220,697 137,179,790 53.24
Profit (Loss) per Share 15.36 12.95
All figures are in (Actual) Saudi Arabia, Riyals


Element List Amount Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value - -
All figures are in (Actual) Saudi Arabia, Riyals


Element List Explanation
The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year Sales / revenue increased to approximately SAR 757.7 million in 2023 compared to approximately SAR 641.2 million in 2022, an increase of 18.16% due to an increase in average daily production
The reason of the increase (decrease) in the net profit during the current year compared to the last year is Baladi poultry trading company achieved an increase in Net Profit of approximately SAR 100.9 million in fiscal year 2023 compared to approximately SAR 85 million in fiscal year 2022 with an increase of 18.58%

The average daily production in 2023 was 164 thousand birds per day

While in 2022 there were 133 thousand daily birds

Statement of the type of external auditor's report Unmodified opinion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) There is no
Reclassification of Comparison Items Some comparative figures for the similar period of the previous year have been reclassified to conform to the current period tabulation
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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