UAE
Mubasher TV
 Contact Us Advertising   العربية
UAE
DFM Closed
ADX Closed
22 October 12:24 AM

Al-Omran Industrial Trading Co. announces its Interim Financial results for the Period Ending on 2024-06-30 ( Six Months )

ALOMRAN 4141 -2.04% 30.70 -0.64
Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change
Sales/Revenue 33,605,600 28,961,177 16.036 47,915,148 -29.864
Gross Profit (Loss) 6,039,470 3,519,074 71.621 7,288,060 -17.131
Operational Profit (Loss) -542,967 -2,075,581 -73.84 968,991 -
Net profit (Loss) -1,007,629 -3,607,857 -72.071 126,804 -
Total Comprehensive Income -1,007,629 -3,607,857 -72.071 126,804 -
All figures are in (Actual) Saudi Arabia, Riyals


Element List Current Period Similar period for previous year %Change
Sales/Revenue 81,520,748 70,393,160 15.807
Gross Profit (Loss) 13,327,530 9,735,976 36.889
Operational Profit (Loss) 426,024 -1,333,123 -
Net profit (Loss) -880,825 -4,240,563 -79.228
Total Comprehensive Income -880,825 -4,240,563 -79.228
Total Shareholders Equity (after Deducting Minority Equity) 157,755,306 110,653,732 42.566
Profit (Loss) per Share -0.08 -0.71
All figures are in (Actual) 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 (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 increase in revenues by 16% is due to stimulating sales with old customers, as well as adding some new customers to the company’s customer list and opening new markets.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is A loss was achieved in the current profit amounting to 1,007,629 riyals compared to achieving a loss in the same quarter of the previous year of 3,607,857 riyals due to an increase in revenues by 16% and a decrease in the ratio of cost of revenues to revenues by 6%.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is A 30% decrease in revenues during the current quarter compared to the previous quarter is due to a recession in the markets due to official holidays during the second quarter of 2024.
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 decrease in net profit during the current quarter compared to the previous quarter is due to a 30% decrease in revenue.
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is The increase in revenues by 16% is due to stimulating sales with old customers, as well as adding some new customers to the company’s customer list, opening new markets, and achieving financing revenues amounting to 790 thousand riyals.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is A loss was achieved in the current period in the amount of 880,825 riyals compared to achieving a loss in the same period of the previous year in the amount of 4,240,563 riyals due to an increase in revenues by 16% and a decrease in the ratio of cost of revenues to revenues by 2% and due to a decrease in financing costs by 28% and due to the achievement of financing income in the amount of 790. One thousand riyals, as well as reducing inventory by 25% and reducing loans by 65%.
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) Nothing
Reclassification of Comparison Items Nothing
Additional Information -

Comments