Riyadh Cables Group Co. — Interim / Quarterly Report 2023

Aug 10, 2023

Riyadh Cables Group Co. announces its Interim Financial Results for the Period Ending on 2023-06-30 ( Six Months )

4142 · 10/08/2023 08:09:44 · Announcement #75299 · View on Saudi Exchange

Riyadh Cables Group Co. announces its Interim Financial Results for the Period Ending on 2023-06-30 ( Six Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	1,917,526	1,691,104	13.39	1,937,275	-1.02
Gross Profit (Loss)	236,707	141,742	67	218,736	8.21
Operational Profit (Loss)	163,172	92,858	75.72	155,495	4.94
Net Profit (Loss) after Zakat and Tax	126,939	68,891	84.26	124,891	1.64
Total Comprehensive Income	88,379	22,275	296.76	147,070	-39.91
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	3,854,802	3,252,287	18.52
Gross Profit (Loss)	455,443	293,590	55.13
Operational Profit (Loss)	318,667	193,969	64.29
Net Profit (Loss) after Zakat and Tax	251,830	153,350	64.22
Total Comprehensive Income	235,449	97,735	140.91
Total Share Holders Equity (after Deducting Minority Equity)	251,891	153,269	64.34
Profit (Loss) per Share	1.68	1.02
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 increase in net profit by 84.3% is mainly driven by the increase in sales revenue by 13.4% coupled with product mix
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 increase in net profit by 1.6% is mainly driven by product mix.
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 increase in net profit by 64.2% is mainly driven by the increase in sales revenue by 18.5%, coupled with product mix
Statement of the type of external auditor's report	Unmodified conclusion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion	N/A
Reclassification of Comparison Items	N/A
Additional Information	N/A

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