Balady Poultry Co. announces its Interim Financial results for the Period Ending on 2024-09-30 ( Nine Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 217,732,733 | 185,471,745 | 17.394 | 217,676,602 | 0.025 |
| Gross Profit (Loss) | 34,842,788 | 26,859,487 | 29.722 | 37,178,674 | -6.282 |
| Operational Profit (Loss) | 27,559,313 | 21,527,244 | 28.02 | 29,872,985 | -7.745 |
| Net profit (Loss) | 28,045,274 | 23,933,974 | 17.177 | 31,330,563 | -10.485 |
| Total Comprehensive Income | 28,045,274 | 23,933,974 | 17.177 | 31,330,563 | -10.485 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 667,364,080 | 530,031,313 | 25.91 |
| Gross Profit (Loss) | 117,043,466 | 75,418,545 | 55.191 |
| Operational Profit (Loss) | 95,887,095 | 58,379,097 | 64.249 |
| Net profit (Loss) | 99,980,835 | 64,206,313 | 55.718 |
| Total Comprehensive Income | 99,980,835 | 64,206,313 | 55.718 |
| Total Shareholders Equity (after Deducting Minority Equity) | 290,491,532 | 181,676,103 | 59.895 |
| Profit (Loss) per Share | 15.21 | 9.77 | |
| 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 | Sales / revenue increased to approximately SAR 217.7 million during the current quarter compared to approximately SAR 185.4 million during the same quarter of the previous year, an increase of 17.39% due to an increase in average daily production |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | Baladi poultry company achieved an increase in Net Profit of approximately SAR 28 million during the current quarter compared to approximately SAR 23.9 million during the same quarter of the previous year with an increase of 17.18%
The average daily production during the current quarter was 187 thousand birds per day While during the same quarter of the previous year there were almost 163 thousand daily birds |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Sales / revenue increased to approximately SAR 217.7 million during the current quarter compared to approximately SAR 217.6 million during the previous quarter, an increase of 0.03% due to higher production during this quarter |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | Baladi poultry company achieved a decrease in Net Profit of approximately SAR 28 million during the current quarter compared to approximately SAR 31.3 million during the previous quarter with a decrease of 10.49%
Due to the decrease in the average selling price during this current quarter from the previous one |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | Sales / revenue increased to approximately SAR 667.3 million during the current period compared to approximately SAR 530 million during the same period of the previous year, an increase of 25.91% due to an increase in average daily production |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | Baladi poultry company achieved an increase in Net Profit of approximately SAR 99.9 million during the current period compared to approximately SAR 64.2 million during the same period of the previous year, an increase of 55.72%
The average daily production during the current period amounted to 192 thousand birds per day While during the same period of the previous year there were almost 156 thousand daily birds |
| 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) | There is no |
| Reclassification of Comparison Items | There is no |
| Additional Information | The profit per share is calculated by dividing the profit after zakat and taxes by the number of ordinary shares outstanding during the period amounting to 6,570,000 shares |
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