1443/03/28 Wed Nov 3, 2021 09:21:13
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Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
Sales/Revenue | 11,971 | 9,637 | 24.219 | 9,798 | 22.177 |
Gross Profit (Loss) | 3,405 | 5,036 | -32.386 | 5,499 | -38.079 |
Operational Profit (Loss) | -17,794 | -6,043 | 194.456 | -8,315 | 113.998 |
Net Profit (Loss) after Zakat and Tax | -18,464 | -6,166 | 199.448 | -9,634 | 91.654 |
Total Comprehensive Income | -18,464 | -6,166 | 199.448 | -9,634 | 91.654 |
All figures are in (Thousands) Saudi Arabia, Riyals |
Element List | Current Period | Similar period for previous year | %Change |
Sales/Revenue | 33,783 | 30,096 | 12.25 |
Gross Profit (Loss) | 15,187 | 12,710 | 19.488 |
Operational Profit (Loss) | -35,285 | -22,394 | 57.564 |
Net Profit (Loss) after Zakat and Tax | -37,848 | -26,108 | 44.967 |
Total Comprehensive Income | -37,848 | -26,108 | 44.967 |
Total Share Holders Equity (after Deducting Minority Equity) | 267,173 | 320,106 | -16.536 |
Profit (Loss) per Share | -0.95 | -0.15 | |
All figures are in (Thousands) Saudi Arabia, Riyals |
Accumulated Losses | Capital | Percentage % |
-132,665 | 400,000 | -33.17 |
All figures are in (Thousands) 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 the increase in net loss for the current quarter compared to the net loss for the same quarter of the previous year In spite of increased sales by 24 % is mainly due to the impairment of Hurdiah Farm increase in selling and marketing expenses, General & administration ,marketing campaign expenses, as well as increase in operating expenses especially in vessels , Farm |
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 the increase in net loss for the current quarter compared to the net loss for previous quarter In spite of increased sales by 22.18% is mainly due to the impairment of Hurdiah Farm and the impact of inventory adjustment |
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 net loss for the current quarter compared to the net loss for the same quarter of the previous year In spite of increased sales by 12% is mainly due to the impairment of Hurdiah Farm . This improvement contributed to containing the increase in farm expenses as a result of starting the aquaculture operations in Al Al-Hurairah at the end of year 2020, as well as containing the increase in selling and marketing expenses caused by the increase in bad debt provision and marketing campaign expenses, and the increase in Zakat and other operating expenses. |
Statement of the type of external auditor's report | Unmodified conclusion |
Reclassification of Comparison Items | N/A |
Additional Information | Total accumulated losses as of June 30th, 2021, amounted to 132,664,556 riyals, equivalent to 33.17% of the capital, of which 94,816,712 riyals pertain to previous years, and 37,847,844 riyals representing the current year's losses |
The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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Saudi Fisheries Co. SJSC published this content on 03 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 November 2021 06:41:05 UTC.