Saudi Research and Media Group 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 | 814.86 | 884.64 | -7.887 | 832.08 | -2.069 |
| Gross Profit (Loss) | 229.89 | 279.18 | -17.655 | 163.79 | 40.356 |
| Operational Profit (Loss) | 124.99 | 143.72 | -13.032 | -43.17 | - |
| Net profit (Loss) | 86.87 | 120.97 | -28.188 | 8.08 | 975.123 |
| Total Comprehensive Income | 26.69 | 179.83 | -85.158 | -92.77 | - |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Share Holders Equity (After Deducting the Minority Equity) | 3,109.58 | 2,831.44 | 9.823 |
| Profit (Loss) per Share | 1.09 | 1.51 | |
| All figures are in (Millions) 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 (Millions) 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 main reason for the 7.89% decrease in revenue during the current quarter compared to the same quarter of the last year, is due to the decrease in revenue from the public relations and advertising segment in addition to the decrease in revenues from the printing and packaging segment. |
| 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 main reason for the decrease in net profit during the current quarter compared to the same quarter of last year is due to the decrease in gross profit driven mainly by the decrease in revenue from the public relations and advertising segment and the decrease in revenues from the printing and packaging segment, in addition to the increase of net finance costs. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Revenue decreased during the current quarter compared to the previous quarter by 2.07%, due to the decrease in revenue from the public relations and advertising segment and all other segments given the seasonality of performance in all other segments. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The reason of the increase in net profits for the current quarter compared to the previous quarter, is mainly due to the 40.36% increase in gross profit, in addition to recognizing a goodwill impairment associated to the printing and packaging segment during the fourth quarter of 2023. |
| 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 | None |
| Additional Information | The total revenue of the current quarter is SR 814.86 million compared to SR 884.64 million for the same quarter of last year, a decrease of 7.89%, and compared to SR 832.08 million in the previous quarter, a decrease of 2.07%.
Total comprehensive income of the parent company for the current quarter is SR26.69 million compared to SR 179.83 million for the same quarter of last year, a decrease of 85.16%, and compared to SR (92.77) million in the previous quarter.
The total shareholders’ equity for the parent company (after excluding non-controlling interest) as at the end of the current period is SR 3,109.58 million compared to SR 2,831.44 million for the same period of the previous year, an increase of 9.82%, and compared to SR 3,082.89 million as at the end of the previous quarter, an increase of 0.9%.
The retained earnings balance as of 31st of March 2024 is SR 2,215.2 million. |
Comments