4008 · 08/08/2023 08:07:18 · Announcement #75215 · View on Saudi Exchange

Saudi Company for Hardware announces its Interim Financial Results for the Period Ending on 2023-06-30 ( Six Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 231.43251-7.8240.27-3.68
Gross Profit (Loss) 27.731.59-12.3127.86-0.57
Operational Profit (Loss) -8.04-12.89-37.63-8.75-8.11
Net Profit (Loss) after Zakat and Tax -15.94-20.53-22.36-16.52-3.51
Total Comprehensive Income -15.94-20.53-22.36-16.52-3.51
All figures are in (Millions) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue 471.7570.5-17.32
Gross Profit (Loss) 55.5687.64-36.6
Operational Profit (Loss) -16.79-0.433,804.65
Net Profit (Loss) after Zakat and Tax -32.45-19.4267.09
Total Comprehensive Income -32.45-19.4267.09
Total Share Holders Equity (after Deducting Minority Equity) 381.32536.77-28.96
Profit (Loss) per Share -0.9-0.54
All figures are in (Millions) Saudi Arabia, Riyals
Element ListExplanation
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is The reason for the decrease in loss during the current quarter compared with the same quarter of the previous year was due to the decrease in operating expenses, general and administrative expenses, and selling & marketing expenses.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is The reason for the decrease in the loss during the current quarter compared to the previous quarter was due to the decrease in general and administrative expenses and financing cost.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is The reason for the increase in loss during the current period was mainly due to the drop in sales of 17% compared with the same period of the previous year.
Statement of the type of external auditor's report Unmodified conclusion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion None
Reclassification of Comparison Items Comparative period figures have been reclassified to conform with current period classification numbers

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