Riyadh Cables Group Co. — Interim / Quarterly Report 2023

May 7, 2023

Riyadh Cables Group Co. announces its Interim Financial Results for the Period Ending on 2023-03-31 ( Three Months )

4142 · 07/05/2023 07:55:52 · Announcement #73413 · View on Saudi Exchange

Riyadh Cables Group Co. announces its Interim Financial Results for the Period Ending on 2023-03-31 ( Three Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	1,937,275	1,561,183	24.09	1,830,717	5.82
Gross Profit (Loss)	218,736	151,848	44.05	184,409	18.61
Operational Profit (Loss)	155,495	101,567	53.09	144,428	7.66
Net Profit (Loss) after Zakat and Tax	124,891	84,458	47.87	106,323	17.46
Total Comprehensive Income	147,070	75,460	94.9	145,171	1.31
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Share Holders Equity (after Deducting Minority Equity)	124,921	85,012	46.95
Profit (Loss) per Share	0.83	0.57
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 47.9% was mainly driven by the increase in sales revenue by 24.1%, resulting in an increase of gross profit by 44%
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 17.5% was mainly driven by the increase in sales revenue by 5.8%, resulting in an increase of gross profit by 18.6%
Statement of the type of external auditor's report	Unmodified conclusion
Reclassification of Comparison Items	N/A

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