Al-Jouf Agricultural Development Co. announces its Interim Financial Results for the Period Ending on 2021-09-30 ( Nine Months )

A6070 ALJOUF1.1 (1.65 %)
1443/04/02 Sun Nov 7, 2021 08:35:38

Al-Jouf Agricultural Development 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	99,809	49,053	103.471	55,701	79.187
Gross Profit (Loss)	18,932	4,766	297.23	16,749	13.033
Operational Profit (Loss)	5,413	-8,033	-	4,412	22.688
Net Profit (Loss) after Zakat and Tax	3,319	7,649	-56.608	3,444	-3.629
Total Comprehensive Income	3,319	7,649	-56.608	3,444	-3.629
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	216,871	167,147	29.748
Gross Profit (Loss)	48,161	52,910	-8.975
Operational Profit (Loss)	12,604	23,799	-47.039
Net Profit (Loss) after Zakat and Tax	10,601	26,067	-59.331
Total Comprehensive Income	10,601	26,067	-59.331
Total Share Holders Equity (after Deducting Minority Equity)	618,736	622,310	-0.574
Profit (Loss) per Share	0.35	0.87
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 lower profit in 3rd quarter 2021 compared to 3rd quarter 2020 is mainly due to the positive impact of land ownership treatment in 2020 where it impacted the results by 25.46 MSR. This decrease came despite the higher sales revenue and profit margin in 3rd quarter of 2021 compared to same period last year.
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 lower profit in current quarter compared to the previous quarter of year 2021 is mainly due to the decrease of profit margin and the increase of selling and distribution cost and the increase of general and administrative cost , despite the higher sales revenue.
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 lower profit in current period compared to the similar period of the previous year is mainly due to the positive impact of land ownership treatment in 2020 where it impacted the results by 25.46 MSR , in addition to the increase of selling and distribution cost and the increase of general and administrative cost and the decrease of Zakat expenses.
Statement of the type of external auditor's report	Unmodified conclusion
Reclassification of Comparison Items	Certain comparative amount for the previous period have been reclassified to conform to the current period presentation.

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