Al Kathiri Holding Co. announces its Interim Financial Results for the Period Ending on 2023-06-30 ( Six Months )
1445/01/27 14/08/2023 08:46:08
Element List
Current Quarter
Similar Quarter For Previous Year
%Change
Previous Quarter
% Change
Sales/Revenue
32,666,863
20,731,309
57.57
32,114,499
1.72
Gross Profit (Loss)
10,756,241
2,638,183
307.71
9,047,856
18.88
Operational Profit (Loss)
2,472,873
-2,824,583
–
2,442,045
1.26
Net Profit (Loss) after Zakat and Tax
666,169
-3,472,997
–
1,558,139
-57.24
Total Comprehensive Income
666,169
-3,472,997
–
1,558,139
-57.24
All figures are in (Actual) Saudi Arabia, Riyals
Element List
Current Period
Similar Period For Previous Year
%Change
Sales/Revenue
64,781,362
46,005,532
40.81
Gross Profit (Loss)
19,804,097
6,957,805
184.63
Operational Profit (Loss)
4,914,918
-4,424,647
–
Net Profit (Loss) after Zakat and Tax
2,224,308
-5,545,081
–
Total Comprehensive Income
2,224,308
-5,545,081
–
Total Share Holders Equity (after Deducting Minority Equity)
137,418,036
128,239,482
7.16
Profit (Loss) per Share
0.01
-0.02
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 reason for the company’s net profit during the current quarter compared to the losses incurred during the similar quarter of the previous year is due to: Increase in revenues and decrease in production costs compared to the same quarter of the previous year.
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 reason for the decrease in the net profit during the current quarter compared to the previous quarter is due to: increased general and administrative expenses.
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 reason for the company’s net profit during the current period compared to the losses incurred during the same period of the previous year is due to: Increase in revenues and decrease in production costs compared to the same period
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 earnings per share and the weighted average number of shares for the six-month period ending on June 30, 2022 have been adjusted to align with the weighted average number of new shares after its increase during the year 2023. The calculation of the 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 for the six months ending on June 30, 2023 AD were calculated on the basis of the weighted average number of outstanding shares at the end of the period. The diluted earnings per share is the same as the basic earnings per share since the company has no transferable securities and no diluted financial instruments to exercise. The weighted average number of shares on June 30, 2022 AD has been retroactively adjusted to be in line with the weighted average number of new shares after its increase during the year 2023 AD (Note 1) as required in accordance with International Accounting Standard No. 33 (Earnings per Share).
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
