Sadr Logistics Co. — Earnings Release 2020

Mar 18, 2021

Sadr Logistics Co. announces its Annual Financial Results for the Period Ending on 2020-12-31

1832 · 18/03/2021 16:38:49 · Announcement #62308 · View on Saudi Exchange

Sadr Logistics Co. announces its Annual Financial Results for the Period Ending on 2020-12-31

Element List	Current Year	Previous Year	%Change
Sales/Revenue	54,282	42,035	29.135
Gross Profit (Loss)	14,678	9,810	49.622
Operational Profit (Loss)	3,422	-1,564	-
Net Profit (Loss) after Zakat and Tax	2,578	-1,903	-
Total Comprehensive Income	2,374	-1,634	-
Total Share Holders Equity (after Deducting Minority Equity)	34,347	32,722	4.966
Profit (Loss) per Share	1.03	-0.76
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the net profit during the current year compared to the last year is	The company achieved profits this year 2020 compared to last year 2019 as a result of increased sales and revenues this year compared to last year by 29% as a result of the company’s expansion in the logistics services sector and its association with long-term contracts with its customers in this sector, higher sales of storage equipment and other sectors, as well as lower government costs for the Industrial sector. and lower selling costs due to lower transportation and installation costs for projects.
Statement of the type of external auditor's report	Unmodified opinion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion	There is no
Reclassification of Comparison Items	Certain comparative figures have been re-presented and classified to conform to the presentation for the current period.
Additional Information	The basic and diluted share of the profit or loss for the current year and the previous year was calculated by dividing the net profit or loss for the year after zakat attributable to the shareholders of the company by the weighted average number of ordinary shares outstanding at the end of 2020 amounting to 2,500,000 shares after taking the retroactive increase in shares.

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.