Sadr Logistics Co. — Interim / Quarterly Report 2021

May 10, 2021

Sadr Logistics Co. announces its Interim Financial Results for the Period Ending on 2021-03-31 ( Three Months )

1832 · 10/05/2021 15:46:58 · Announcement #63364 · View on Saudi Exchange

Sadr Logistics Co. announces its Interim Financial Results for the Period Ending on 2021-03-31 ( Three Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	14,877	10,262	44.971	21,581	-31.064
Gross Profit (Loss)	4,414	2,346	88.15	4,904	-9.991
Operational Profit (Loss)	1,033	-309	-	1,315	-21.444
Net Profit (Loss) after Zakat and Tax	601	-325	-	855	-29.707
Total Comprehensive Income	601	-325	-	651	-7.68
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Share Holders Equity (after Deducting Minority Equity)	34,949	32,397	7.877
Profit (Loss) per Share	0.24	-0.13
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	Profits increased during the current quarter compared to losses during the same quarter of last year due to the increase and growth of sales during the current quarter by about 45% in all sectors of the company and the addition of the logistics services sector, which led to an increase in sales and profits.
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 increase in net profit during the previous quarter compared to the current quarter is due to the increase in sales of the previous quarter compared to the current quarter by 31%.
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 would like to draw attention to note No. (2-1) attached to the interim condensed financial statements, which indicates that the comparative figures presented in the interim condensed financial statements, with the exception of the interim condensed financial position list, are prepared by the company’s management and no interim financial statements have been issued in it. Summary for the period ending on March 31, 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 or loss for the current period and the previous period was calculated by dividing the net profit or loss 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 period amounting to 2,500,000 shares after taking the retroactive increase in shares.

We note that the comparative figures presented in the announcement for the first quarter of 2020 (the same quarter of the previous year) and the fourth quarter of 2020 (the previous quarter), are prepared by the company’s management, and there have been no short preliminary financial statements issued in them, since in light of the company's presence in the growth market of 2020 Prior to its move to the main market, TASI, only semi-annual interim financial statements were issued for the fiscal year 2020 , in line with the regulations and instructions in the parallel market, Nomu.

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