Development Works Food Co. announces its Interim Financial Results for the Period Ending on 2021-03-31 ( Three Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 19,808,296 | 26,260,115 | -24.568 | 29,486,957 | -32.823 |
| Gross Profit (Loss) | 2,298,008 | -2,112,240 | - | 617,397 | 272.209 |
| Operational Profit (Loss) | -863,682 | -3,966,630 | -78.226 | -4,978,383 | -82.651 |
| Net Profit (Loss) after Zakat and Tax | 183,562 | -3,924,495 | - | -2,748,570 | - |
| Total Comprehensive Income | 183,562 | -3,924,495 | - | -2,748,570 | - |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Share Holders Equity (after Deducting Minority Equity) | 30,637,100 | 30,519,517 | 0.385 |
| Profit (Loss) per Share | 0.07 | -3.14 | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| 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 recording a net profit for the first quarter of 2021 compared to a net loss for the first quarter of 2020 is mainly due to the exit from unprofitable activities and focus on activities that generate a return in addition to reducing expenses and controlling operating costs |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is | The reason for recording a net profit in the current quarter of 2021 compared to a net loss for the previous quarter of 2020 is mainly due to the exit from unprofitable activities and focus on revenue-generating activities in addition to reducing expenses and controlling operating costs |
| 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 | NA |
| Reclassification of Comparison Items | Certain figures for the comparative period have been reclassified to conform to the presentation for the current period. |
| Attached Documents |  |
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