Al Kathiri Holding Co. announces its Interim Financial Results for the Period Ending on 2022-06-30 ( Six Months ) - Alkathiri Holding

2022-08-16

Al Kathiri Holding Co. announces its Interim Financial Results for the Period Ending on 2022-06-30 ( Six Months )

ELEMENT LIST	CURRENT QUARTER	SIMILAR QUARTER FOR PREVIOUS YEAR	%CHANGE	PREVIOUS QUARTER	% CHANGE
Sales/Revenue	20,731,309	40,191,145	-48.42	25,274,223	-17.97
Gross Profit (Loss)	2,638,183	11,807,391	-77.66	4,319,622	-38.92
Operational Profit (Loss)	-2,824,583	3,367,537	–	-1,600,064	76.53
Net Profit (Loss) after Zakat and Tax	-3,472,997	3,103,268	–	-2,072,084	67.61
Total Comprehensive Income	-3,472,997	3,103,268	–	-2,072,084	67.61
All figures are in (Actual) Saudi Arabia, Riyals

ELEMENT LIST	CURRENT PERIOD	SIMILAR PERIOD FOR PREVIOUS YEAR	%CHANGE
Sales/Revenue	46,005,532	75,400,786	-38.98
Gross Profit (Loss)	6,957,805	21,702,891	-67.94
Operational Profit (Loss)	-4,424,647	7,863,496	–
Net Profit (Loss) after Zakat and Tax	-5,545,081	7,301,668	–
Total Comprehensive Income	-5,545,081	7,301,668	–
Total Share Holders Equity (after Deducting Minority Equity)	128,239,482	132,645,357	-3.32
Profit (Loss) per Share	-0.49	0.64
All figures are in (Actual) Saudi Arabia, Riyals

ELEMENT LIST	EXPLANATION
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	The company incurred a loss in the current quarter compared to making a profit in the same quarter of the previous year due to a decrease in revenues and an increase in operating costs and expenses and general and administrative expenses.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is	The net loss increased from 2.07 million riyals during the previous quarter to 3.4 million riyals during the current quarter. The reason for the increase in net loss is the decrease in revenues and the increase in general and administrative expenses and selling and marketing expenses during the current quarter compared to the previous quarter.
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 company incurred a loss in the current period of 5.5 million riyals, compared to achievement in the same period of the previous year of 7.2 million riyals, and the reason for this is due to the decrease in revenues and the increase in general and administrative expenses and selling and marketing expenses during the current period compared to the same period of the previous year.
Statement of the type of external auditor’s report	Unmodified conclusion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion	There’s no
Reclassification of Comparison Items	Certain comparative figures have been reclassified to correspond to the current period presentation
Additional Information	The calculation of basic / diluted earnings per share is based on the profit attributable to ordinary shareholders and the weighted average number of ordinary shares outstanding. Earnings per share as at June 30, 2022 has been calculated based on the weighted average number of shares outstanding at the end of the year, the adjusted earnings per share is the same as the basic earnings per share as the group has neither convertible securities nor dilutive financial instruments to exercise.