Mohammed Hasan AlNaqool Sons Co. announces its Annual Financial results for the period ending on 2023-12-31
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 43,288 | 43,227 | 0.14 | ||
| Gross Profit (Loss) | 5,984 | 4,687 | 27.67 | ||
| Operational Profit (Loss) | 2,265 | 893 | 153.64 | ||
| Net profit (Loss) | -292 | 813 | - | ||
| Total Comprehensive Income | -362 | 1,029 | - | ||
| Total Share Holders Equity (After Deducting the Minority Equity) | 50,176 | 51,258 | -2.11 | ||
| Profit (Loss) per Share | -0.1 | 0.28 | |||
| All figures are in (Thousands) 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 (Thousands) 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 company achieved net sales estimated at 43 million Saudi riyals, an increase of (0.14%) 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 year and the realization of losses compared to the previous year is due to:
1- An increase in financial burdens by 72%, at a value of (634,140) Saudi riyals, compared to the previous year. 2- Increased depreciation on assets by 27%, at a value of (959,368) Saudi riyals, compared to the previous year. 3- An increase in foreign currency translation differences from a subsidiary company amounting to (252,227) Saudi riyals 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) | nothing |
| Reclassification of Comparison Items | Some comparative figures have been reclassified and reclassified to conform to the presentation in the current year. |
| Additional Information | - |
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