Intelligent Oud Company for Trading announces its Annual Financial results for the period ending on 2024-12-31

27 March 2025 06:04 PM

IOUD 9579 -5.70% 37.72 -2.28

Element List	Current Year	Previous Year	%Change
Sales/Revenue	26,688,170	25,201,438	5.9
Gross Profit (Loss)	20,471,807	17,872,470	14.54
Operational Profit (Loss)	8,026,822	7,822,275	2.61
Net profit (Loss)	4,717,321	5,276,152	-10.59
Total Comprehensive Income	5,305,513	4,830,423	9.84
Total Shareholders Equity (after Deducting Minority Equity)	46,404,767	41,099,254	12.91
Profit (Loss) per Share	2.84	3.09
All figures are in (Actual) 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 (Actual) 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 reason for the increase in revenues during the year 2024 is attributed to the strategic expansion of the product range, with the launch of new products in the last quarter of 2024. This contributed to enhancing market share and increasing sales compared to the previous year
The reason of the increase (decrease) in the net profit during the current year compared to the last year is	The decline in net profit is primarily attributed to the increase in statutory reserve provisions, which were adopted as part of a prudent policy, despite the achievement of an increase in revenues.
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)	None
Reclassification of Comparison Items	Some comparative figures have been reclassified where necessary for better presentation.
Additional Information	None

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