Baazeem Trading Co. announces its Annual Financial results for the period ending on 2023-12-31

Baazeem Trading Co. announces its Annual Financial results for the period ending on 2023-12-31

|Element List||Current Year||Previous Year||%Change|

|Sales/Revenue||257,105,584||263,353,491||-2.37|

|Gross Profit (Loss)||98,921,654||97,881,388||1.06|

|Operational Profit (Loss)||25,519,763||26,918,943||-5.2|

|Net profit (Loss)||21,650,725||21,775,621||-0.57|

|Total Comprehensive Income||21,897,670||21,102,599||3.77|

|Total Share Holders Equity (After Deducting the Minority Equity)||194,054,774||190,382,104||1.93|

|Profit (Loss) per Share||2.14||2.15|

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

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

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

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

|Element List||Explanation|

|The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year|| The net sales decreased by -2.37% reaching 257,105,584 SAR in 2023 compared to 263,353,491 SAR in 2022.

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The reduction is due to the out of stock driven by latest development in the red sea.

|The reason of the increase (decrease) in the net profit during the current year compared to the last year is|| The net profit decreased by -0.57%, reaching 21,650,725 SAR in 2023 compared to 21,775,621 SAR in 2022.

|

The decrease in net profit is driven by the decrease on sales by 2.37%.

|Statement of the type of external auditor's report||Unmodified opinion|

|Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion)|| Emphasis of matter

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Refer to note no. (2) group information regarding the Group investment in baazeem trading