Marble Design Factory Company announces its Annual Financial results for the period ending on 2023-12-31
- Date: 29-Feb-2024
- Source: Mubasher
- Sector:Industrial
- Country:Saudi Arabia
Marble Design Factory Company announces its Annual Financial results for the period ending on 2023-12-31
| Element List
|| Explanation
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| The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year
|| Sales decreased during this year to reach 51,182,558 Saudi riyals compared to 55,169,465 Saudi riyals in the previous year, a decrease of 7.22% due to a decrease in demand.
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| The reason of the increase (decrease) in the net profit during the current year compared to the last year is
|| Net profit decreased during this year to reach 21,912,718 Saudi riyals compared to 22,622,021 Saudi riyals in the previous year, a decrease of 3.13% due to a decrease in sales. This was offset by an increase in other revenue by 1,008,338 Saudi riyals
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| Statement of the type of external auditor's report
|| Unmodified opinion
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| 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)
|| None
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| Reclassification of Comparison Items
|| The company reclassified the total selling and marketing expenses, which were within general and administrative expenses, at a value of 2,297,431 Saudi riyals, to a separate item, which is selling and marketing expenses, in the statement of profits and losses and other comprehensive income.
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| Additional Information
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