Riyadh Cables Group Co. — Interim / Quarterly Report 2024

May 13, 2024

Riyadh Cables Group Co. announces its Interim Financial results for the Period Ending on 2024-03-31 ( Three Months )

4142 · 13/05/2024 08:01:04 · Announcement #79980 · View on Saudi Exchange

Riyadh Cables Group Co. announces its Interim Financial results for the Period Ending on 2024-03-31 ( Three Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	2,031,546	1,937,275	4.866	1,889,859	7.497
Gross Profit (Loss)	283,202	218,736	29.472	238,112	18.936
Operational Profit (Loss)	208,295	155,495	33.956	174,981	19.038
Net profit (Loss)	168,994	124,891	35.313	133,960	26.152
Total Comprehensive Income	186,486	147,039	26.827	133,839	39.336
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Share Holders Equity (After Deducting the Minority Equity)	2,436,451	2,267,759	7.438
Profit (Loss) per Share	1.14	0.83
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Percentage of the capital (%)	Amount
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value	-0.002	-2,490
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 due to the increase in the volume of quantities sold
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 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 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

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.