Sadr Logistics Co. — Earnings Release 2021

Mar 15, 2022

Sadr Logistics Co. announces its Annual Financial Results for the Period Ending on 2021-12-31

1832 · 15/03/2022 09:38:56 · Announcement #67107 · View on Saudi Exchange

Sadr Logistics Co. announces its Annual Financial Results for the Period Ending on 2021-12-31

Element List	Current Year	Previous Year	%Change
Sales/Revenue	73,228	54,282	34.902
Gross Profit (Loss)	21,341	14,678	45.394
Operational Profit (Loss)	5,642	3,422	64.874
Net Profit (Loss) after Zakat and Tax	3,599	2,578	39.604
Total Comprehensive Income	3,439	2,374	44.86
Total Share Holders Equity (after Deducting Minority Equity)	182,869	34,347	432.416
Profit (Loss) per Share	0.96	1.03
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 net profit for the current year 2021, compared to last year, increased by 39%, as a result of an increase in sales of 35% for the current year compared to last year in the main sectors, Steel, Wooden and logistics, as the company expanded in the logistics sector, and the financial impact of the logistic services contract with the Supreme Foods Processing Company LTD ( One of the TANMIAH companies ), where the revenue from the net investment in the contract was recognized During the current year.
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 profit for the current period and the previous period was calculated by dividing the net profit for the period after zakat attributable to the shareholders of the company by the weighted average number of ordinary shares outstanding at the end of the current and past period, where the weighted average shares for the current period 3,750,000 shares compared to 2,500,000 shares for the previous year.

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