6070 · 05/05/2021 08:40:48 · Announcement #63247 · View on Saudi Exchange

Al-Jouf Agricultural Development Co. announces its Interim Financial Results for the Period Ending on 2021-03-31 ( Three Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 61,36146,12533.03156,0639.45
Gross Profit (Loss) 12,47919,163-34.87911,3779.686
Operational Profit (Loss) 3,78711,764-67.808-9,218-
Net Profit (Loss) after Zakat and Tax 3,8376,545-41.375-4,716-
Total Comprehensive Income 3,8376,545-41.375-6,676-
All figures are in (Thousands) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Total Share Holders Equity (after Deducting Minority Equity) 611,972632,788-3.289
Profit (Loss) per Share 0.130.22
All figures are in (Thousands) 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 decrease in net profit during the current quarter of 2021 compared to the net profit for the same quarter of 2020 was mainly due to a decrease of profit margin because of the increase in the cost of some products, which had an impact on the decrease in gross profit by 34.88%, in addition to increase of selling and distribution cost, although a 33% increase in quarter sales of Sar 15.24 million and increased other revenues.
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 achieving a net income during the current quarter of year 2021 compared to net loss during the previous quarter for year 2020 is due to improving of profit margin compared to the previous quarter , which positively affected the increase of gross margin by 9.69% . in addition to the increase of the quarter sales by 9.45% with amount of SR 5.3 million , and decrease of general and administration cost and selling and distribution cost , although the decrease of other revenues
Statement of the type of external auditor's report Unmodified conclusion
Reclassification of Comparison Items Certain comparative figures for the previous period have been reclassified to conform to the way they are presented for the current period.

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