News & Announcements

RAOOM

25 July, 2024 15:46

Raoom Trading Co. announces its Interim Financial results for the Period Ending on 2024-06-30 ( Six Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	26,784,096	30,437,134	-12.001	33,012,722	-18.867
Gross Profit (Loss)	7,843,436	7,582,912	3.435	13,922,440	-43.663
Operational Profit (Loss)	4,939,762	4,115,747	20.021	10,504,160	-52.973
Net profit (Loss)	4,360,758	14,841,664	-70.618	23,952,397	-81.794
Total Comprehensive Income	4,349,654	14,751,554	-70.513	23,941,293	-81.832
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	59,796,818	68,475,884	-12.674
Gross Profit (Loss)	21,751,091	21,505,972	1.139
Operational Profit (Loss)	15,443,922	15,594,356	-0.964
Net profit (Loss)	28,313,155	27,693,673	2.236
Total Comprehensive Income	28,290,947	27,513,453	2.825
Total Shareholders Equity (after Deducting Minority Equity)	155,346,948	128,351,184	21.032
Profit (Loss) per Share	4.5	4.4
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 quarter compared to the same quarter of the last year is	Operating profits increased and reached 4.9 million Saudi riyals during the current quarter compared to approximately 4.1 million Saudi riyals during the same quarter of the previous year, an increase of 20%, while sales decreased, reaching approximately 26.8 million Saudi riyals during the current quarter compared to 30.4 million Saudi riyals. Almost during the same quarter of the previous year, a decrease of 12%. The main reason for the decrease in net profit during the current quarter compared to the same quarter of the previous year is the recording of profits from revaluation of financial assets at fair value of 11.5 million Saudi riyals during the same quarter of the previous year.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	Operating profits increased and reached 4.9 million Saudi riyals during the current quarter compared to approximately 4.1 million Saudi riyals during the same quarter of the previous year, an increase of 20%, while sales decreased, reaching approximately 26.8 million Saudi riyals during the current quarter compared to 30.4 million Saudi riyals. Almost during the same quarter of the previous year, a decrease of 12%. The main reason for the decrease in net profit during the current quarter compared to the same quarter of the previous year is the recording of profits from revaluation of financial assets at fair value of 11.5 million Saudi riyals during the same quarter of the previous year.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	The company's operating profits decreased to 4.9 million Saudi riyals during the current quarter compared to approximately 10.5 million Saudi riyals during the previous quarter, a decrease of 53%. The main reason for this is a decrease in sales from 33 million Saudi riyals during the previous quarter compared to 26.8 million Saudi riyals. During the current quarter, in addition to the decrease in the average selling price during the current quarter compared to the previous quarter. The main reason for the increase in net profit during the previous quarter compared to the current quarter is the recording of profits from revaluation of financial assets at fair value of 14.2 million Saudi riyals during the previous quarter.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	The company's operating profits decreased to 4.9 million Saudi riyals during the current quarter compared to approximately 10.5 million Saudi riyals during the previous quarter, a decrease of 53%. The main reason for this is a decrease in sales from 33 million Saudi riyals during the previous quarter compared to 26.8 million Saudi riyals. During the current quarter, in addition to the decrease in the average selling price during the current quarter compared to the previous quarter. The main reason for the increase in net profit during the previous quarter compared to the current quarter is the recording of profits from revaluation of financial assets at fair value of 14.2 million Saudi riyals during the previous quarter.
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is	The company's operating profits decreased slightly, reaching 15.4 million Saudi riyals during the current half, compared to approximately 15.6 million Saudi riyals during the same half of the previous year, a decrease of 0.96%, while sales decreased, reaching approximately 59.8 million Saudi riyals during the current half, compared to 68.5 million. Approximately one million Saudi riyals during the same half of the previous year, a decrease of 12.67%. This is mainly due to the low cost of raw materials.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	The increase in net profit from 27.7 million riyals in the corresponding period of the previous year to 28.3 million riyals in the current period of the year is due to the decrease in the cost of sales.
Statement of the type of external auditor's report	Unmodified conclusion
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	Some numbers have been reclassified to compare with the current quarter.
Additional Information	-

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