Saudia Dairy and Foodstuff Co. announces its Interim Financial results for the Period Ending on 2024-03-31 ( Three Months )
- Date: 09-May-2024
- Source: Mubasher
- Sector:Agriculture
- Country:Saudi Arabia
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