Riyadh Cables Group Co. — Interim / Quarterly Report 2024

Nov 3, 2024

Riyadh Cables Group Co. announces its Interim Financial results for the Period Ending on 2024-09-30 (Nine Months)

4142 · 03/11/2024 08:14:22 · Announcement #83299 · View on Saudi Exchange

Riyadh Cables Group Co. announces its Interim Financial results for the Period Ending on 2024-09-30 (Nine Months)

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	2,433,149	2,080,717	16.938	2,046,145	18.913
Gross Profit (Loss)	401,470	279,208	43.788	269,573	48.928
Operational Profit (Loss)	280,245	164,216	70.656	200,670	39.654
Net profit (Loss)	234,757	132,703	76.904	159,383	47.291
Total Comprehensive Income	239,264	144,619	65.444	190,346	25.699
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	6,510,840	5,935,519	9.692
Gross Profit (Loss)	954,245	734,651	29.89
Operational Profit (Loss)	682,331	476,800	43.106
Net profit (Loss)	563,135	384,533	46.446
Total Comprehensive Income	616,095	380,006	62.127
Total Shareholders Equity (after Deducting Minority Equity)	2,645,476	2,246,744	17.747
Profit (Loss) per Share	3.77	2.56
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Amount	Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value	-2,490.354	-0.002
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is	The reason of the increase in the sales/revenues is due to the increase in the volume of quantities sold coupled with product mix
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 is mainly driven by the increase in sales/revenue coupled with product mix
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	The reason of the increase in the sales/revenues is due to the increase in the volume of quantities sold
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	The increase in net profit is mainly driven by the increase in sales/revenue
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is	The reason of the increase in the sales/revenues is due to the increase in the volume of quantities sold coupled with 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 is mainly driven by the increase in sales/revenue coupled with product mix
Statement of the type of external auditor's report	Unmodified conclusion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion)	N/A
Reclassification of Comparison Items	N/A
Additional Information	N/A

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