Balady Poultry Trading Co. announces its Interim Financial results for the Period Ending on 2024-03-31 ( Three Months )

09 May 2024 07:03 AM

BALADY 9559 114.29% 291.00 155.20

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	231,954,745	177,172,972	30.919	227,687,757	1.874
Gross Profit (Loss)	45,022,004	28,370,652	58.692	39,922,954	12.772
Operational Profit (Loss)	38,454,797	22,799,909	68.662	33,425,072	15.047
Net profit (Loss)	40,604,998	24,328,031	66.906	36,706,755	10.619
Total Comprehensive Income	40,604,998	24,328,031	66.906	35,114,594	15.635
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Share Holders Equity (After Deducting the Minority Equity)	244,255,695	154,937,821	57.647
Profit (Loss) per Share	6.18	3.7
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Percentage of the capital (%)	Amount
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 quarter compared to the same quarter of the last year is	The reason for the increase in sales/ revenues, where revenues reached SR 231.9 million, an increase of 30.92% compared to the same quarter of the previous year, was due to the increase in sales and daily production, which reached an average daily production of 195 thousand birds per day during the current quarter
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 during the current quarter to 40.6 million riyals, an increase from the same quarter of the previous year by 66.91 % due to increased sales and lower expenses
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	The reason for the increase in sales/ revenues, where revenues reached SR 231.9 million, an increase of 1.87% compared to the previous quarter, was due to the increase in sales and daily production, which reached an average daily production of 195 thousand birds per day during the current quarter
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	The reason for the increase in net profit during the current quarter to SR 40.6 million is an increase from the previous quarter due to increased sales and lower expenses
Statement of the type of external auditor's report	Unmodified conclusion
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	There is no
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 6,570,000 shares
Attached Documents

BALADY Quarterly Financials Report Q1 2024