Mohammed Hasan AlNaqool Sons Co. announces its Annual Financial results for the period ending on 2024-12-31
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 70,952 | 43,288 | 63.91 | ||
| Gross Profit (Loss) | 10,279 | 5,984 | 71.77 | ||
| Operational Profit (Loss) | 5,938 | 2,265 | 162.16 | ||
| Net profit (Loss) | 2,692 | -293 | - | ||
| Total Comprehensive Income | 2,546 | -362 | - | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 52,722 | 50,176 | 5.07 | ||
| Profit (Loss) per Share | 0.93 | -0.1 | |||
| All figures are in (Thousands) 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 (Thousands) 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 64% increase in sales this year compared to the previous year is due to several key factors, most notably:
1. Increased concrete plant sales due to the company's strategy to expand equipment capacity, increase production capacity, and improve operational performance. 2. Increased revenues from Deer Real Estate Company due to the sale of a portion of the Deer Villa project, which significantly contributed to the increase in revenues. 3. Commencement of actual operations and sales at Sadan Company in the second half of 2024, which contributed to diversifying income sources and increasing total sales volume. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The increase in net profit this year and the achievement of profits compared to the previous year are due to several key factors, most notably:
1. Revenues grew by 64% compared to the previous year, driven by higher sales within the company and its subsidiaries and improved operational activities. 2. Improved operational efficiency through a decrease in the ratio of general and administrative expenses to total revenue compared to the previous year. 3. Declining foreign currency translation differences, which mitigated the negative impact resulting from exchange rate fluctuations. |
| 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) | nothing |
| Reclassification of Comparison Items | Certain comparative figures have been reclassified and reclassified to conform to the current year presentation. |
| Additional Information | - |
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