A6002 HERFY FOODS0.0 (0.0 %)
1443/03/20 Tue Oct 26, 2021 09:26:11
Herfy Food Services Co. announces its Interim Financial Results for the Period Ending on 30-9-2021 (nine Months).
1443/03/20 Tue Oct 26, 2021 09:26:11
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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.