Sadr Logistics Co. — Interim / Quarterly Report 2021

Nov 10, 2021

Sadr Logistics Co. announces its Interim Financial Results for the Period Ending on 2021-09-30 ( Nine Months )

1832 · 10/11/2021 09:02:34 · Announcement #65580 · View on Saudi Exchange

Sadr Logistics Co. announces its Interim Financial Results for the Period Ending on 2021-09-30 ( Nine Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	21,034	11,646	80.611	16,079	30.816
Gross Profit (Loss)	9,251	3,519	162.887	4,020	130.124
Operational Profit (Loss)	3,144	769	308.842	712	341.573
Net Profit (Loss) after Zakat and Tax	2,671	549	386.52	245	990.204
Total Comprehensive Income	2,671	549	386.52	245	990.204
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	51,989	32,701	58.982
Gross Profit (Loss)	17,685	9,775	80.92
Operational Profit (Loss)	4,890	2,108	131.973
Net Profit (Loss) after Zakat and Tax	3,517	1,773	98.364
Total Comprehensive Income	3,517	1,773	98.364
Total Share Holders Equity (after Deducting Minority Equity)	36,615	33,746	8.501
Profit (Loss) per Share	1.41	0.71
All figures are in (Thousands) Saudi Arabia, Riyals

	Accumulated Losses	Capital	Percentage %
	0	25,000	0
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 net profit increased during the current quarter compared to the same quarter of last year as a result of an increase in sales by more than 80% as a result of the company’s expansion in the logistics services 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 proven During the current quarter, in addition to the increase in sales in other operational sectors of the company.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is	The net profit increased during the current quarter compared to the previous quarter as a result of an increase in sales by more than 30% as a result of the company’s expansion in the logistics sector and the financial impact of the logistics 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 proven during the current quarter, In addition to the increase in sales in other operating sectors of the company.
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 net profit increased during the current period compared to the same period last year as a result of an increase in sales by more than 58% as a result of the company’s expansion 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 proven During the current period, in addition to the increase in sales in other operational sectors of the company.
Statement of the type of external auditor's report	Emphasis of matter
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion	We draw attention to Note No. (2-1) accompanying to the interim condensed financial statements, which clarifies that the comparative figures presented in the interim condensed financial statements, with the exception of the interim financial position statement, are prepared by the company’s management and no interim condensed financial statements were issued therein for the period ending on September 30, 2020.
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 and 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 of 2,500,000 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.