Keir International announces its Interim Financial results for the period ending on 2024-06-30 (Six Months)
| Element List | Current Period | Similar period for previous year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 144,989,166 | 77,561,776 | 86.933 | ||
| Net profit (Loss) | 10,991,815 | 1,291,597 | 751.025 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 243,942,380 | 242,410,260 | 0.632 | ||
| Profit (Loss) per Share | 0.092 | 0.011 | |||
| 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 | - | - | |
| Accumulated Losses | - | - | |
| 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 increase in profits is attributed to a rise in revenues to SAR 144.99 million compared to SAR 77.56 million for the same period, marking an increase of SAR 67.43 million or 87%. This revenue growth is due to an expansion in commercial activities and an increase in engagement with the company's clients |
| 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 gross profit reached SAR 26.55 million compared to SAR 15 million for the same period last year, representing an increase of SAR 11.5 million or 77% growth.
Operating profit totaled SAR 15.5 million compared to SAR 5.6 million for the same period last year, reflecting an increase of SAR 9.9 million or 174% growth.
As a result, net profit rose to SAR 10.99 million for the first half of the year, compared to SAR 1.29 million for the same period last year, marking a 751% increase due to higher revenues. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Reclassification of Comparison Items | - |
| Additional Information | N/A |
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