Raoom Trading Co. announces its Annual Financial results for the period ending on 2023-12-31
- Date: 04-Feb-2024
- Source: Mubasher
- Sector:Financial Markets
- Country:Saudi Arabia
Raoom Trading Co. announces its Annual Financial results for the period ending on 2023-12-31
|Element List||Current Year||Previous Year||%Change|
|Sales/Revenue||135,041,376||135,229,032||-0.14|
|Gross Profit (Loss)||43,292,858||43,708,463||-0.95|
|Operational Profit (Loss)||30,869,894||34,141,220||-9.58|
|Net profit (Loss)||46,575,187||30,743,382||51.5|
|Total Comprehensive Income||46,530,770||30,382,941||53.15|
|Total Share Holders Equity (After Deducting the Minority Equity)||136,431,001||107,087,731||27.4|
|Profit (Loss) per Share||7.45||4.92|
|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||18,368,660||29.38|
|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 company-maintained revenues at approximately 135 million SAR during the current year, a minor decrease of 0.14% from the previous year.
|
The company achieved an operating profit of 30.9 million SAR, compared to 34.14 million SAR, a decrease of 9.58% from the previous year as a result of an increase in general and administrative expenses as a result of incurring additional professional fees expenses related to the company’s conclusion of a non-binding memorandum of understanding to acquire an asset, which was canceled during the current year.
The company achieved a net profit of 46.8 million SAR, compared to 30.7 million SAR during the previous year, an increase of 52.1%, mainly due to achieving non-recurring profits from short-term investments.
|The reason of the increase (decrease) in the net profit during the current year