Saudi Lime Industries Co. announces its Annual Financial results for the period ending on 2023-12-31
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 149,976,450 | 142,381,406 | 5.33 | ||
| Gross Profit (Loss) | 66,710,462 | 63,140,019 | 5.65 | ||
| Operational Profit (Loss) | 6,324,017 | 15,701,708 | -59.72 | ||
| Net profit (Loss) | 9,763,778 | 15,826,067 | -38.3 | ||
| Total Comprehensive Income | 9,292,895 | 16,108,394 | -42.31 | ||
| Total Share Holders Equity (After Deducting the Minority Equity) | 275,751,875 | 237,264,643 | 16.22 | ||
| Profit (Loss) per Share | 0.46 | 0.79 | |||
| 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 | The reason for the increase in revenues during the current year is attributed to an increase in both the quantity and value of sales compared to the previous year. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The reason for the decrease in net profit during this period is attributed to:
- An increase in general and administrative expenses due to the rise in consultancy fees, professional and legal fees, and restructuring of core functions. - An increase in the provision for credit losses. - An increase in zakat and income tax expenses.
compared to the previous year. |
| 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) | N/A |
| Reclassification of Comparison Items | N/A |
| Additional Information | Basic diluted earnings per share is based on the profit attributable to shareholders and the weighted average number of ordinary outstanding shares. Earnings per share for the period ended Dec 31, 2023 were calculated on the basis of the weighted average number of outstanding shares during the period which is 21,333,333.33 shares. |
Comments