Saudia Dairy and Foodstuff Co. announces its Interim Financial results for the Period Ending on 2024-03-31 ( Three Months )

Saudia Dairy and Foodstuff Co. announces its Interim Financial results for the Period Ending on 2024-03-31 ( Three Months )

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

|Sales/Revenue||717,880||668,197||7.435||687,887||4.36|

|Gross Profit (Loss)||256,493||201,250||27.449||232,925||10.118|

|Operational Profit (Loss)||121,097||91,034||33.023||95,966||26.187|

|Net profit (Loss)||126,211||89,730||40.656||104,525||20.747|

|Total Comprehensive Income||124,167||89,730||38.378||99,026||25.388|

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

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

|Total Share Holders Equity (After Deducting the Minority Equity)||1,834,002||1,675,547||9.456|

|Profit (Loss) per Share||3.95||2.83|

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

|Element List||Percentage of the capital (%)||Amount|

|Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value||-||-|

|Accumulated Losses||-||-|

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

|Element List||Explanation|

|The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is||Sales of SAR 718 Mln versus SAR 668 Mln last year represents a 7.4% increase. This has been achieved driven mainly by volume and market share gain across all categories, as explained below. This increase was achieved in an environment of increasing competitive intensity.|

|The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is|| Net profit of SAR 126.2 Mln is higher by 40.7% vs last year’s SAR 89.7 Mln as a result of:

|

• Gross margin increase (36% vs. 30%) because of lower raw material costs, cost efficiencies in the factories favorable product