Al-Jouf Agricultural Development Co. announces its Interim Financial results for the Period Ending on 2024-06-30 ( Six Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	113,087	57,900	95.314	160,467	-29.526
Gross Profit (Loss)	38,830	18,976	104.626	60,083	-35.372
Operational Profit (Loss)	17,090	4,900	248.775	37,124	-53.965
Net profit (Loss)	15,565	4,695	231.522	32,923	-52.723
Total Comprehensive Income	15,565	4,695	231.522	32,923	-52.723
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	273,554	162,343	68.503
Gross Profit (Loss)	98,913	56,789	74.176
Operational Profit (Loss)	54,371	26,333	106.474
Net profit (Loss)	48,488	24,770	95.752
Total Comprehensive Income	48,488	24,770	95.752
Total Shareholders Equity (after Deducting Minority Equity)	744,588	677,307	9.933
Profit (Loss) per Share	1.62	0.83
All figures are in (Thousands) 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 (Thousands) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is	The increase in sales for current quarter 2024 compared to the same quarter 2023 is due to the increase in quantities sold from company's products, especially the sales of French fries after the start of commercial operation of the new French fries’ factory in December of last year 2023
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 increase in net profit for current quarter 2024 compared to the same quarter 2023 is due to the increase in sales of 56 million riyals, despite the increase in selling and distribution cost, the increase in general and administrative cost, increase in financing cost
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	The decrease in sales for current quarter 2024 compared to the previous quarter 2024 is due to the decrease in quantities sold from company's products due to seasonal of sales as it increased in the previous quarter than the current quarter due to Ramadan season.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	The decrease in net profit for current quarter 2024 compared to the previous quarter 2024 is due to the increase in sales of 46 million riyals, despite the increase in selling and distribution cost, the increase in general and administrative cost, increase in financing cost and increase in zakat expenses.
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is	The increase in sales for current period 2024 compared to the same period 2023 is due to the increase in quantities sold from company's products, especially the sales of French fries after the start of commercial operation of the new French fries’ factory in December of last year 2023
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 increase in net profit for current period 2024 compared to the same period 2023 is due to the increase in sales of 111 million riyals, despite the increase in selling and distribution cost, the increase in general and administrative cost, increase in financing cost
Statement of the type of external auditor's report	Unmodified conclusion
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
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.
Additional Information	-

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