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16 August 06:42 AM

Taqat Mineral Trading Co. announces its Annual Financial results for the period ending on 2024-12-31

TAQAT 9599 0.68% 10.34 0.07
Element List Current Year Previous Year %Change
Sales/Revenue 236,412,873 156,409,592 51.15
Gross Profit (Loss) 1,121,641 -388,685 -
Operational Profit (Loss) -6,281,120 -8,223,908 -23.62
Net profit (Loss) -7,618,529 -15,122,572 -49.62
Total Comprehensive Income -7,541,293 -15,117,844 -50.12
Total Shareholders Equity (after Deducting Minority Equity) 120,529,276 85,158,819 41.53
Profit (Loss) per Share -0.66 -1.55
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 - -
Accumulated Losses 21,459,811 17.61
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 increase in revenues for the current year 2024 compared to the previous year 2023 is due to increased demand for scrap iron.
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 for the year 2024 compared to the previous year 2023 is due to increased sales.
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) Not applicable
Reclassification of Comparison Items Certain comparative figures for the same period of the previous year have been reclassified to conform to the current period presentation. The balance sheet items as of December 31, 2023 (the comparative period) have also been restated and presented, resulting in a decrease of SAR 3,507,549, bringing the net loss to SAR 15,122,572, as shown in the notes attached to the financial statements for the period ending December 31, 2024.
Additional Information -

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