تعلن الشركة السعودية للأسماك عن النتائج المالية الأولية للفترة المنتهية في 2021-09-30 ( تسعة أ

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1443/03/28 Wed Nov 3, 2021 09:21:13

Saudi Fisheries Co. announces its Interim Financial Results for the Period Ending on 2021-09-30 ( Nine Months )

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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

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