Raydan Food 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 | 32,716.264 | 41,089.535 | -20.378 | 47,462.356 | -31.069 |
| Gross Profit (Loss) | -2,420.105 | 2,419.693 | - | 2,757.42 | - |
| Operational Profit (Loss) | -10,136.763 | -4,297.94 | 135.851 | -5,413.412 | 87.252 |
| Net profit (Loss) | -12,754.247 | -5,345.249 | 138.609 | -1,564.627 | 715.162 |
| Total Comprehensive Income | -12,755.041 | -5,345.796 | 138.599 | -1,565.959 | 714.519 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 122,750.096 | 144,164.734 | -14.854 |
| Gross Profit (Loss) | 4,413.897 | 10,620.552 | -58.44 |
| Operational Profit (Loss) | -17,455.995 | -7,297.41 | 139.208 |
| Net profit (Loss) | -17,571.313 | -4,347.739 | 304.148 |
| Total Comprehensive Income | -17,664.268 | -4,415.959 | 300.009 |
| Total Shareholders Equity (after Deducting Minority Equity) | 136,393.677 | 180,575.612 | -24.467 |
| Profit (Loss) per Share | -1.11 | -0.28 | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| Accumulated Losses | 21,948.723 | 13.88 | |
| All figures are in (Thousands) 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 | Decrease in revenues / Decreased contract revenues |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | Decrease in revenues / increase in selling and marketing expenses / the company’s share of the associate company’s losses / currency valuation differences / Zakat examination differences |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Seasonality of sales, (Ramadan and Hajj) |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | Seasonality of sales, (Ramadan and Hajj) |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | Decrease in revenues / Decrease in contract revenues / Decrease in other revenues |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | Decrease in revenues and other income / increase in selling and marketing expenses / currency valuation differences |
| 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 | - The comparative figures in the interim consolidated statement of profit or loss and comprehensive income for the three-month and nine-month period ending on September 30, 2023 have been reclassified into the financial statements for the three-month and nine-month period ending on September 30, 2024. It has an impact on operating profit or loss and has no impact on net profit/loss compared to previously announced.
- (Reclassification of other income) |
| Additional Information | - Sales during the current quarter amounted to 32,716,264 SR, compared to 41,089,535 SR for the same quarter of the previous year, with a decrease of 8,373,271 SR, and percent of 20.38%.
- Total loss during the current quarter amounted to -2,420,105 SR, compared to a Total profit of 2,419,693 SR for the same quarter of the previous year, with an increase in Total loss of 4,839,798 SR, and percent of 200.02%.
- The operating loss during the current quarter amounted to -10,136,763 SR, compared to an operating loss of -4,297,940 SR for the same quarter of the previous year, with an increase in operating loss of 5,838,823 SR, and percent of 135.85%.
- The net loss after zakat and tax during the current quarter amounted to -12,754,247 SR, compared to a net loss of -5,345,249 SR for the same quarter of the previous year, with an increase in net loss of 7,408,998 SR, and percent of 138.61%. And compared to a net loss of -1,564,627 SR for the previous quarter, with an increase in net loss of 11,189,620 SR, and percent of 715.16%.
- The total loss from comprehensive income during the current quarter amounted to -12,755,041 SR. Compared to a total loss from other comprehensive income, of -5,345,796 SR for the same quarter of the previous year, with an increase in total loss of 7,409,245 SR, and percent of 138.60 %. Compared to a total loss from comprehensive income of -1,565,959 SR for the previous quarter, with an increase in total loss of 11,189,082 SR, and percent of 714.52%.
- Sales during the current period amounted to 122,750,096 SR, compared to 144,164,734 SR for the same period of the previous year, with a decrease of 21,414,638 SR, and percent of 14.85 %.
- The total profit for the current period amounted to 4,413,897 SR, compared to a total profit of 10,620,552 SR for the same period of the previous year, with a decrease of 6,206,655 SR, and percent of 58.44%.
- The operating loss during the current period amounted to -17,455,995 SR, compared to an operating loss of -7,297,410 SR for the same period of the previous year, with an increase of 10,158,585 SR, and percent of 139.21 %.
- The net loss after zakat and tax during the current period amounted to -17,571,313 SR, compared to a net loss of -4,347,739 SR for the same period of the previous year, with an increase of 13,223,574 SR, and percent of 304.15 %.
- The total loss from comprehensive income during the current period amounted to -17,664,268 SR, compared to a total loss from comprehensive income of -4,415,959 SR for the same period of the previous year, with an increase of 13,248,309 and percent of 300.01 %.
- The loss per share during the current period amounted to -1.11 SR, compared to a loss per share of -0.28 SR for the same period of the previous year.
- The accumulated losses at the end of the current period amounted to - 21,948,723 SR, and percent of 13.88 % of the capital.
- Total shareholders’ equity (after excluding minority interests) during the current period (September 30, 2024) amounted to 136,393,677 SR, compared to 180,575,612 SR for the same period of the previous year (September 30, 2023), with a decrease of 44,181,935 SR, and percent of 24.47%.
- The company's share of the associate's profits for the nine-month period ending on September 30, 2024 amounted to 1,397,341 SR, compared to 849,722 SR for the period ending on September 30, 2023. The company's share of the associate company's loss in the current quarter amounted to -2,016,019 SR, compared to a share of loss of -625,181 SR in the same quarter of the previous year. |
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