Herfy Food Services Co. announces its Interim Financial Results for the Period Ending on 30-9-2021 (nine Months).
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Element List
Current Quarter
Similar quarter for previous year
%Change
Previous Quarter
% Change
Sales/Revenue
352,217,763
311,117,538
13.21
321,369,728
9.598
Gross Profit (Loss)
116,300,181
83,989,267
38.47
80,924,288
43.714
Operational Profit (Loss)
67,846,711
50,502,390
34.343
34,610,169
96.031
Net Profit (Loss) after Zakat and Tax
60,060,191
41,377,579
45.151
26,671,939
125.181
Total Comprehensive Income
60,060,191
41,377,579
45.151
26,671,939
125.181
All figures are in (Actual) Saudi Arabia, Riyals
Element List
Current Period
Similar period for previous year
%Change
Sales/Revenue
984,703,549
778,143,920
26.545
Gross Profit (Loss)
279,331,379
171,315,753
63.05
Operational Profit (Loss)
136,691,024
61,274,237
123.08
Net Profit (Loss) after Zakat and Tax
112,201,955
32,272,464
247.67
Total Comprehensive Income
112,201,955
32,272,464
247.67
Total Share Holders Equity (after Deducting Minority Equity)
1,006,916,791
956,510,750
5.269
Profit (Loss) per Share
1.73
0.5
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 increase of the net profit for the 3rd Quarter 2021 compared to the net profit achieved for the same quarter 2020 mainly attributed to the increase of Sales by 13.2 % and decrease of General and Administration Expenses, and decrease Of the finance cost , despite of the decrease of the net other Income and the increase of the selling and marketing expenses
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 increase of the net profit for the 3rd Quarter 2021 compared to the net profit for 2nd Quarter 2021 due to the increase of the sales by 9.6 % , and the decrease of General and Administration Expenses, and decrease of the finance cost , despite of the decrease of the net other Income and the increase of the selling and marketing expenses.
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 of the net profit for the period ended 30 September 2021 compared to the net profit for same period last year is attributed to the increase of Sales by 26.5 % , and the decrease of General and Administration Expenses , and The decrease of the finance cost ,despite of the decrease of the net other Income and the increase of the selling and marketing expenses.
Statement of the type of external auditor's report
Unmodified conclusion
Reclassification of Comparison Items
-
Additional Information
The company has achieved in the 3rd Quarter of 2021 a net profit of SR 60 million, which is the highest quarterly profit in the company's history since it was listed back in 2010. In July 2021, the Restaurants Sector has achieved sales of SR 125.7 million, which is the highest monthly sales for the Restaurants Sector in the company's history . These results reflect the Board of Directors tireless efforts to adopt best practices in order to develop the company's main operational sectors, in addition to the company's administrative restructuring on the executive management level
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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Herfy Food Services Co. SJSC published this content on 26 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 October 2021 04:47:06 UTC.
Herfy Food Services Co SJSC (HFS) is a Saudi Arabia-based public shareholding company that is engaged in the food industry. The Company owns and operates a chain of fast-food restaurants, sweets and chocolate shops, bakery outlets, three bakery factories, and a meat processing plant. The Company's operations are structured into four business segments: the operation of restaurants and provision of supply services; production and sale of meat products; production and sale of Shaboura products, and production and sale of bread. HFS, through its restaurants and outlets, provides varied foods menus under the brand name Herfy, including 19 combo meals as well as 30 individual items such as hamburgers, chicken, seafood, soft drinks and different side orders. Furthermore, the Company sells various products produced by its factories to the local and regional consumers under the brand name Herfy Foods, including maamoul breads and cooked frozen chicken tenders, among others.