Saudi Research and Media Group announces its Annual Financial results for the period ending on 2023-12-31
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 3,746.23 | 3,709.84 | 0.98 | ||
| Gross Profit (Loss) | 1,162.61 | 1,252.77 | -7.2 | ||
| Operational Profit (Loss) | 581.41 | 748.15 | -22.29 | ||
| Net profit (Loss) | 559.62 | 648.79 | -13.74 | ||
| Total Comprehensive Income | 431.29 | 581.53 | -25.84 | ||
| Total Share Holders Equity (After Deducting the Minority Equity) | 3,082.89 | 2,651.61 | 16.26 | ||
| Profit (Loss) per Share | 7 | 8.11 | |||
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| Accumulated Losses | - | - | |
| All figures are in (Millions) 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 revenues increased during the current year, compared to last year by 0.98%, due to the increase in revenue generated by the Publishing and Visual and Digital Content segment in addition to the Others segment. Conversely, the Printing and Packaging segment witnessed a decline in revenues due to several planned projects not being secured. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The main reason for the decrease in net profit during the current year compared to last year, is due to the decrease in revenues of the Printing and Packaging segment and the goodwill impairment associated with the same segment, in addition to the operating costs of certain projects |
| 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 | Certain prior year figures have been re-classified to conform with the presentation of the current year. |
| Additional Information | The total revenue of the current year is SR 3,746.23 million, compared to SR 3,709.84 million for the previous year, an increase of 0.98%.
The total Comprehensive Income of the parent company for the current year is SR 431.29 million compared to SR 581.53 million for the previous year, a decrease of 25.84%.
The total shareholders’ equity for the parent company (after excluding non-controlling interest) as of 31st of December 2023 is SR 3,082.89 million compared to SR 2,651.61 million as of 31st of December 2022, an increase of 16.26%.
The retained earnings as of 31st of December 2023 is SR 2,128.36 million. |
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