Sure Global Tech Co. announces its Interim Financial results for the period ending on 2024-06-30 ( Six Months )

27 August 2024 08:07 AM

SURE 9550 -1.61% 64.00 -1.05

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	102,422,302	82,673,393	23.887
Net profit (Loss)	16,172,254	15,918,307	1.595
Total Shareholders Equity (after Deducting Minority Equity)	109,115,085	114,469,601	-4.677
Profit (Loss) per Share	2.11	2.07
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 period compared to the same period of the last year is	The reason for the increase in revenues during the current period is due to the company obtaining new projects during the first half of 2024 AD, as part of those projects were completed during the current period of 2024 AD, as revenues increased by 23.89% and by a value of 102.4 million Saudi riyals compared to the same period of the previous year.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	The company achieved a net profit of 16.17 million Saudi riyals during the current period of 2024 AD, compared to a net profit of 15.9 million Saudi riyals during the same period of the previous year 2023 AD. The operating profit rate reached 8.44% during the current period, mainly due to the following: -Increase in the cost of revenues -Decrease in other revenues The return on investment in an associate company also decreased with a loss of 877 thousand Saudi riyals.
Statement of the type of external auditor's report	Unmodified conclusion
Reclassification of Comparison Items	Nothing

Comments