Sinad Holding Co. — Earnings Release 2024

Mar 13, 2025

Sinad Holding Co. announces its Annual Financial results for the period ending on 2024-12-31

4080 · 13/03/2025 15:46:49 · Announcement #85769 · View on Saudi Exchange

Sinad Holding Co. announces its Annual Financial results for the period ending on 2024-12-31

Element List	Current Year	Previous Year	%Change
Sales/Revenue	1,754	1,639.8	6.96
Gross Profit (Loss)	527.2	405.1	30.14
Operational Profit (Loss)	128.4	-95.4	-
Net profit (Loss)	-3.9	-132.6	-97.06
Total Comprehensive Income	-18.5	-154.4	-88.02
Total Shareholders Equity (after Deducting Minority Equity)	1,078.4	1,083.5	-0.47
Profit (Loss) per Share	-0.03	-1.05
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Amount	Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value	-	-
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year	The increase in sales this year compared to the previous year is due to:

1) The increase in the company's sales in the Kingdom of Saudi Arabia.

2) The increase in export sales at the group level.

3) Sales geographical expansion via increasing sales channels The reason of the increase (decrease) in the net profit during the current year compared to the last year is The reason for the decline in net loss during the year compared to the previous year is due to the increase in gross profits and the achievement of operating profits during the year compared to an operating loss during the previous year. This is mainly due to the increase in gross profit from sales, the decrease in selling and distribution expenses, administrative and general expenses, and the reversal of the provision for expected credit losses, in addition to the increase in other operating revenues and the decrease in zakat and income tax expenses. Statement of the type of external auditor's report Unmodified opinion 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 Certain figures of the prior period have been reclassified to conform with the presentation for the current period Additional Information N/A

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