2024-03-31 05:13:09
Sunday, March 31, 2024 07:13 am
We present to our visitors the most important and latest news in the following article:
Maayyar Company announces its annual financial results ending 12-31-2023, today, Sunday, March 31, 2024 07:13 AM
March 30, 2024 04:30 PM
Item Current Year Last Year Change % Sales/Revenue 34,135 38,065 -10.32 Gross Profit (Loss) 3,690 8,313 -55.61 Operating Profit (Loss) 1,714 4,632 -63 Net Profit (Loss) 1,494 4,457 -66.48 Total Comprehensive Income 1,474 4,397 -66.4 8 total rights Ownership (following excluding non-controlling interests) 36,906 19,774 86.64 Earnings (loss) per share 1.18 4.2 All figures in (thousands) Saudi riyals Value item Percentage of capital Gains (losses) Change in the fair value of investment properties – – All figures in (thousands) Saudi Riyal Explanation item The reason for the increase (decrease) in sales/revenues during this year compared to the previous year The reason for the decrease in revenues during the current year compared to revenues during the previous year is due to:
1- The entry of new competitors into the market and increased competition.
2-Completion of some major projects in which the company was the main supplier.
The reason for the increase (decrease) in net profit during this year compared to the previous year is due to: The reason for the decrease in net profit during the current year compared to revenues during the previous year is due to:
1- Decrease in sales compared to last year.
2- The high cost of raw materials used in production.
3- An increase in the depreciation item in operating expenses due to the entry of new assets this year.
Statement of the type of auditor’s report Unmodified opinion Any observation contained in the auditor’s report represented by an “other matter” paragraph, a reservation, drawing attention, a refusal to express an opinion, or an opposing opinion as stated in the auditor’s report Does not apply Some comparative figures have been reclassified Some figures have been reclassified Comparison to match the presentation of the financial statements for the current year. There is no additional information
Related news:
1711874379
#Maayyar #Company #announces #annual #financial #results
