Jazan Energy and Development Co. announces its Interim Financial Results for the Period Ending on 2023-03-31 ( Three Months )

21/05/2023 Tadawul
Element List Current Quarter Similar Quarter For Previous Year %Change Previous Quarter % Change
Sales/Revenue 27,482,109 26,312,946 4.44 20,496,630 34.08
Gross Profit (Loss) 8,865,970 8,597,533 3.12 -1,700,154 -
Operational Profit (Loss) 2,375,451 3,965,562 -40.1 -10,832,553 -
Net Profit (Loss) after Zakat and Tax 1,782,675 3,563,597 -49.98 -9,908,224 -
Total Comprehensive Income 1,212,008 3,379,750 -64.14 -23,847,513 -
All figures are in (Actual) Saudi Arabia, Riyals
Element List Current Period Similar Period For Previous Year %Change
Total Share Holders Equity (after Deducting Minority Equity) 547,527,345 547,809,032 -0.05
Profit (Loss) per Share 0.04 0.07
All figures are in (Actual) Saudi Arabia, Riyals
  Accumulated Losses Capital Percentage %
  27,941,461 500,000,000 6
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 the decrease in net profit during the current quarter compared to the comparative quarter of the previous year despite the increase in revenues by 4% and gross profit by 3% to the increase in the cost of raw materials used in production, especially the shrimp feeds (Note 12), In addition to the losses of associate companies (Note 4).

 

 

Due to the aforementioned, the net profit for the first quarter decreased by 50% compared to the comparative quarter of the previous year.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is The reason for the increase in net profit during the current quarter compared to the previous quarter is the increase in shrimp sales, which led to an increase in revenues by 34%
Statement of the type of external auditor's report Unmodified conclusion
Reclassification of Comparison Items The figures included in the interim condensed consolidated financial statements have been rounded to the nearest Saudi Riyal.

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