Al Kathiri Holding Co. announces its Interim Financial Results for the Period Ending on 2019-09-30 ( Nine Months )

ELEMENT LISTCURRENT QUARTERSIMILAR QUARTER FOR PREVIOUS YEAR%CHANGEPREVIOUS QUARTER% CHANGE
Sales/Revenue18,019,19113,667,45831.8417,901,5390.657
Gross Profit (Loss)6,303,5675,488,99514.845,616,32012.236
Operational Profit (Loss)4,203,2923,477,23120.883,135,22234.066
Net Profit (Loss) after Zakat and Tax4,145,0683,394,87622.0973,009,48537.733
Total Comprehensive Income4,145,0683,394,87622.0973,009,48537.733
All figures are in (Actual) Saudi Arabia, Riyals
ELEMENT LISTCURRENT PERIODSIMILAR PERIOD FOR PREVIOUS YEAR%CHANGE
Sales/Revenue63,105,08540,212,07456.93
Gross Profit (Loss)19,141,23413,488,36341.909
Operational Profit (Loss)11,731,8477,918,94648.149
Net Profit (Loss) after Zakat and Tax11,722,5197,929,94747.825
Total Comprehensive Income11,722,5197,929,94747.825
Total Share Holders Equity (after Deducting Minority Equity)66,903,45453,906,63424.109
Profit (Loss) per Share2.7852.445
All figures are in (Actual) Saudi Arabia, Riyals
ELEMENT LISTEXPLANATION
Increase (Decrease) in Net Profit for Current Quarter Compared to the Same Quarter of the Previous Year is Attributed toIncrease in Net Profit for Current Quarter Compared to the Same Quarter of the Previous Year is Attributed to the increase in the operating profit margin due to the increase in sales value during the third quarter of 2019.
Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed toIncrease in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to the low cost of sales.
Increase (Decrease) in Net Profit for Current Period Compared to the Similar Period of the Previous Year is Attributed toIncrease in Net Profit for Current Period Compared to the the Similar Period of the Previous Year is Attributed to the increase in the operating profit margin due to the increase in sales value during the third quarter of 2019.
Basis of the External Auditor’s OpinionUnmodified opinion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor OpinionThere’s no.
Reclassification of Comparison ItemsSome comparative figures have been reclassified to tally with the current presentation.
Additional Information1 – Revenues during the current quarter amounted to SR 18,019,191 compared to SR 13,667,458 for the same quarter for the previous year, an increase of 31.84%.2. Gross profit for the current quarter reached SR 6,303,567 compared to SR 5,488,995 for the same quarter for the previous year, an increase of 14.84%.3. Operating profit during the current quarter reached SR 4,203,292 compared to SR 3,477,231 for the same quarter for the previous year, an increase of 20.88%.4 – Net profit for the current quarter amounted to SR 4,145,068, compared to SR 3,394,876 for the same quarter for the previous year, an increase of 22.097% compared to SR 3,009,485 for the previous quarter, an increase of 37.733%.5. Total comprehensive income during the current quarter amounted to SR 4,145,068, compared to SR 3,394,876 for the same quarter for the previous year, an increase of 22.097% compared to SR 3,009,485 for the previous quarter, an increase of 37.733%.6. Sales / revenues during the current period amounted to SR 63,105,085 compared to SR 40,212,074 for the corresponding period of the previous year, an increase of 56.93%.7. Gross profit during the current period amounted to SR 19,141,234 compared to SR 13,488,363 for the same period last year, an increase of 41.909%.8. Operating profit during the current period amounted to SR 11,731,847 compared to SR 7,918,946 for the same period last year, an increase of 48.149%.9 – Net profit during the current period amounted to SR 11,722,519 compared to SR 7,929,947 for the same period last year, an increase of 47.83%.10. Total comprehensive income during the current period amounted to SR 11,722,519 compared to SR 7,929,947 for the same period last year, an increase of 47.825%.11 – Earnings per share during the current period amounted to SR 2.785, compared to SR 2.445 for the corresponding period of the previous year, an increase of 13.906%.12. Earnings per share for the current period of the net profit for the period and earnings per share from the main operations for the period ended 30 September 2019 were calculated based on the weighted average number of shares during the period of 4,209,000 shares. In accordance with the Extraordinary General Assembly held on April 23, 2019 Shareholders decided to increase the capital to 4,520,880 shares by issuing a bonus to the shareholders on the date of the Extraordinary General Meeting. The earnings per share for the current period and the comparative period were adjusted accordingly to reflect the effect of the increase in capital. Earnings per share for the corresponding period of the previous year and earnings per share from the major operations for the period ended 30 September 2018 were calculated based on the weighted average number of shares during the period of 3,243,000 shares. In accordance with the Extraordinary General Assembly held on August 16, 2018 Shareholders decided to increase the capital to 3,767,400 shares by issuing a bonus to the shareholders on the date of the Extraordinary General Meeting.12. Total shareholders’ equity (excluding minority interests) during the current period amounted to SR 66,903,454 compared to SR 53,906,634 for the same period last year, an increase of 24.109%.