Al Kathiri Holding Co. announces its Annual Financial Results for the Period Ending on 2019-12-31
| ELEMENT LIST | CURRENT YEAR | PREVIOUS YEAR | %CHANGE |
|---|---|---|---|
| Sales/Revenue | 89,465,820 | 50,486,051 | 77.208 |
| Gross Profit (Loss) | 26,605,253 | 15,865,596 | 67.691 |
| Operational Profit (Loss) | 16,750,405 | 9,674,905 | 73.132 |
| Net Profit (Loss) after Zakat and Tax | 16,015,975 | 9,304,248 | 72.136 |
| Total Comprehensive Income | 16,015,975 | 9,304,248 | 72.136 |
| Total Share Holders Equity (after Deducting Minority Equity) | 71,196,910 | 55,180,935 | 29.024 |
| Profit (Loss) per Share | 3.74 | 2.76 | |
| All figures are in (Actual) Saudi Arabia, Riyals |
| ELEMENT LIST | EXPLANATION |
|---|---|
| Increase (Decrease) in Net Profit for Current Year Compared to Last Year is Attributed to | The reason for the increase in net profit for the current year compared to the previous year is due to: -1 – Increased sales value2- The profit resulting from the company’s contract with the Air Force |
| Basis of the External Auditor’s Opinion | Unmodified opinion |
| Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion | None |
| Reclassification of Comparison Items | Some comparative figures have been reclassified to tally with the current presentation |
| Additional Information | 1 – Earnings per share for the current year was calculated from the net profit for the period and earnings per share from the main operations on the basis of the weighted average number of shares during the period of 4,287,611 shares, as according to the extraordinary general assembly held on April 23, 2019, shareholders decided to increase the capital to 4,520,880 shares through Issuing a grant to shareholders on the date of the extraordinary general assembly meeting, and the earnings per share for the current year have been adjusted accordingly to reflect the effect of the capital increase. Earnings per share for the previous year have been calculated from the net profit for the period and earnings per share from the main operations on the basis of the weighted average number of shares during The period amounting to 3,376,898 shares, as according to the extraordinary general assembly held on August 16, 2018, the shareholders decided to increase the capital to 3,767,400 shares by issuing a grant to the shareholders on the date of the extraordinary general assembly.2 – The company applied IFRS 16 (leases) effective from of 1 January 2019. |