United Electronics Company (Extra) announces Its annual financial results for the period ending on 31 December 2023

United Electronics Company (Extra) announces Its annual financial results for the period ending on 31 December 2023

12 February 2024 08:06 AM

EXTRA

4003

10.29%

89.00

8.30

Element List

Current Year

Previous Year

%Change

Sales/Revenue

6,200.69

6,031.07

2.81

Gross Profit (Loss)

1,361.88

1,265.06

7.65

Operational Profit (Loss)

480.64

484.15

-0.72

Net profit (Loss)

390.46

440.17

-11.29

Total Comprehensive Income

387.21

440.31

-12.06

Total Share Holders Equity (After Deducting the Minority Equity)

1,284.37

1,139.3

12.73

Profit (Loss) per Share

4.88

5.5

All figures are in (Millions) 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 (Millions) 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's revenues have increased by 2.8% in the current year compared to last year, registering SAR 6.2 billion compared to SAR 6.0 billion for last year. This increase is attributed to a marginal increase in retail sector sales and the