Al Kathiri Holding Co. announces its Annual Financial Results for the Period Ending on 2022-12-31

Element ListCurrent YearPrevious Year%Change
Gross Profit (Loss)28,318,94140,216,558-29.58
Operational Profit (Loss)2,406,88911,698,103-79.42
Net Profit (Loss) after Zakat and Tax1,773,8258,736,811-79.7
Total Comprehensive Income1,514,7818,586,814-82.36
Total Share Holders Equity (after Deducting Minority Equity)135,214,807133,762,2201.08
Profit (Loss) per Share0.150.77
All figures are in (Actual) Saudi Arabia, Riyals
Element ListExplanation
The reason of the increase (decrease) in the net profit during the current year compared to the last year isDue to the high prices of raw materials and high financing costs resulting from the Industrial Fund’s loan for the construction technology factory as well as the purchase of machinery and operational equipment for the company’s factories
Statement of the type of external auditor’s reportUnmodified opinion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor OpinionNone
Reclassification of Comparison ItemsSome items of the financial statement position and the list of profit or lose have been reclassified in line with the current year’s presentation
Additional InformationThe 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. The earnings per share was calculated as of 31 December 2022 based on the weighted average number of shares outstanding at the end of the period the adjusted earnings per share is the same as the basic earnings per share as the group has no convertible securities nor reduced financial instruments to exercise.