Raydan Food Co. announces its Interim Financial results for the Period Ending on 2024-03-31 ( Three Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 42,571.476 | 41,802.878 | 1.838 | 41,089.535 | 3.606 |
| Gross Profit (Loss) | 4,076.582 | 384.806 | 959.386 | 2,419.693 | 68.475 |
| Operational Profit (Loss) | -1,133.456 | -864.799 | 31.065 | -3,714.705 | -69.487 |
| Net profit (Loss) | -3,252.439 | -3,256.932 | -0.137 | -5,345.249 | -39.152 |
| Total Comprehensive Income | -3,343.268 | -3,322.742 | 0.617 | -5,345.796 | -37.459 |
| 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) | 150,714.677 | 181,669.295 | -17.038 |
| Profit (Loss) per Share | -0.21 | -0.21 | |
| 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 | 4.83 | 7,629.849 | |
| 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 | Seasonality of sales / Opening new branches |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | Increase in revenues / decrease in cost of revenues / decrease in general and administrative expenses |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Seasonality of sales / Opening new branches |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | Increase in revenues / decrease in general and administrative expenses / decrease in selling and marketing expenses / Increase in other revenues. |
| 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) | - |
| Reclassification of Comparison Items | - |
| Additional Information | - The Sales for the current quarter amounted to 42,571,476 SR, compared to 41,802,878 SR for the same quarter of the previous year, with an increase of 768,598 SR, and percent of 1.84%.
- The gross profit for the current quarter amounted to 4,076,582 SR, compared to a gross profit of 384,806 SR for the same quarter of the previous year, with an increase of 3,691,776 SR, and percent of 959.39%.
- The operating loss for the current quarter amounted to - 1,133,456 SR, compared to an operating loss of - 864,799 SR for the same quarter of the previous year, with an increase of 268,657 SR, and percent of 31.07%.
- The net loss after zakat and tax for the current quarter amounted to -3,252,439 SR, compared to a net loss of -3,256,932 SR for the same quarter of the previous year, with a decrease of 4,493 SR, and percent of 0.14%. And compared to a net loss of - 5,345,249 SR for the previous quarter, with a decrease of 2,092,810 SR, and percent of 39.15%.
- The total loss from comprehensive income for the current quarter amounted to - 3,343,268 SR, Compared to a loss from comprehensive income - 3,322,742 SR for the same quarter of the previous year, with an increase of 20,526 SR, and percent of 0.62%. Compared to a loss from comprehensive income of 5,345,796 - SR for the previous quarter, with a decrease of 2,002,528 SR, and percent of 37.46%.
- The loss per share for the current period amounted to - 0.21 SR. Compared to a loss per share of - 0.21 SR for the same period of the previous year.
- The Total shareholder equity (after excluding minority rights) for the current period (first quarter March 31, 2024) amounted to 150,714,677 SR, compared to 181,669,295 SR for the same period of the previous year (for the period as of March 31, 2023). with a decrease of 30,954,618 SR, and percent of 17.04%.
- The company’s share of the associate company’s losses amounted to - 909,309 SR in the first quarter of 2024. Compared to -1,076,111 SR, in the same quarter of the previous year.
- The gross profit increased by 3,691,776 SR, and percent of 959.39%, compared to the same quarter of the previous year.
- Accumulated losses The accumulated losses at the end of the current period amounted to - 7,629,849 SR, and percent of 4.83% of the capital. |
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