Saudi Marketing Company ( Farm Superstores ) announces its Interim Financial Results for the Period Ending on 2023-06-30 ( Six Months )

Saudi Marketing Company ( Farm Superstores ) announces its Interim Financial Results for the Period Ending on 2023-06-30 ( Six Months )

|Element List||Current Quarter||Similar quarter for previous year||%Change||Previous Quarter||% Change|

|Sales/Revenue||449,221||452,407||-0.7||479,936||-6.4|

|Gross Profit (Loss)||134,244||127,890||4.97||136,887||-1.93|

|Operational Profit (Loss)||22,800||19,371||17.7||24,269||-6.05|

|Net Profit (Loss) after Zakat and Tax||6,388||5,381||18.71||7,446||-14.21|

|Total Comprehensive Income||6,438||5,260||22.39||7,480||-13.93|

|All figures are in (Thousands) Saudi Arabia, Riyals|

|Element List||Current Period||Similar period for previous year||%Change|

|Sales/Revenue||929,157||891,200||4.26|

|Gross Profit (Loss)||271,131||249,252||8.78|

|Operational Profit (Loss)||47,069||36,797||27.91|

|Net Profit (Loss) after Zakat and Tax||13,833||11,554||19.72|

|Total Comprehensive Income||13,918||11,444||21.62|

|Total Share Holders Equity (after Deducting Minority Equity)||650,337||646,399||0.61|

|Profit (Loss) per Share||0.31||0.26|

|All figures are in (Thousands) 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 of increase in the net profit during the current quarter compared to the same quarter of the previous year is as follows:

|

- Increase in the revenue of the entertainment segment for the current quarter compared to the same quarter of previous year by SR 7.6 million, in addition to the better control on cost of revenues of farm superstores branches which resulted in an increase in the gross profit of the current quarter compared to the same quarter of previous year by SR 6.4 million. Although, minor decrease in total revenues for the current quarter compared to the same quarter of previous year by SR 3.2 million. Knowing that operating expenses