Al-Jouf Agricultural Development Co. announces its Interim Financial results for the Period Ending on 31-03-2024 ( Three Months )

12 May 2024 08:53 AM

ALJOUF 6070 20.94% 61.80 10.70

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	160,467	104,442	53.642	114,519	40.122
Gross Profit (Loss)	60,083	37,813	58.895	26,518	126.574
Operational Profit (Loss)	37,124	21,433	73.209	8,404	341.742
Net profit (Loss)	32,923	20,076	63.991	16,483	99.739
Total Comprehensive Income	32,923	20,076	63.991	20,578	59.991
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Share Holders Equity (After Deducting the Minority Equity)	744,023	672,612	10.616
Profit (Loss) per Share	1.1	0.67
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Percentage of the capital (%)	Amount
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value	-	-
Accumulated Losses	-	-
All figures are in (Thousands) 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 increase in sales for current quarter 2024 compared to the same quarter 2023 is due to the increase in quantinies sold from company's products, especially the sales of French fries after the start of commercial operation of the new french fries factory in December of last year 2023
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 increase in net profit for current quarter 2024 compared to the same quarter 2023 is due to the increase in sales of 56 million riyals, despite the increase in selling and distribution cost, the increase in general and adminstrative cost, increase in financing cost and increase in zakat expenses.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	The increase in sales for current quarter 2024 compared to the previous quarter 2023 is due to the increase in quantinies sold from company's products due to the sales of the Ramadan season and the sales of French fries after the start of commercial operation of the new french fries factory in December of last year 2023
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	The increase in net profit for current quarter 2024 compared to the previous quarter 2023 is due to the increase in sales of 46 million riyals, despite the increase in selling and distribution cost, the increase in general and adminstrative cost, increase in financing cost and increase in zakat 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)	None
Reclassification of Comparison Items	Certain comparative figures for the previous period have been reclassified to conform to the way they are presented for the current period.
Additional Information	-

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