REPORT BASED ON PRESS RELEASE: ALDAWAA on 31/10/2023
| Element List | Current Quarter | Similar Quarter For Previous Year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 1,438,946 | 1,308,930 | 9.93 | 1,436,739 | 0.15 |
| Gross Profit (Loss) | 520,911 | 484,944 | 7.42 | 525,642 | -0.9 |
| Operational Profit (Loss) | 101,990 | 82,687 | 23.34 | 122,041 | -16.43 |
| Net Profit (Loss) after Zakat and Tax | 71,283 | 48,154 | 48.03 | 89,334 | -20.21 |
| Total Comprehensive Income | 57,292 | 45,858 | 24.93 | 176,164 | -67.48 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar Period For Previous Year | %Change |
|---|---|---|---|
| Sales/Revenue | 4,283,277 | 3,913,942 | 9.44 |
| Gross Profit (Loss) | 1,581,529 | 1,485,908 | 6.43 |
| Operational Profit (Loss) | 338,995 | 243,954 | 38.96 |
| Net Profit (Loss) after Zakat and Tax | 236,872 | 215,935 | 9.7 |
| Total Comprehensive Income | 321,345 | 142,697 | 125.19 |
| Total Share Holders Equity (after Deducting Minority Equity) | 1,204,033 | 1,025,633 | 17.39 |
| Profit (Loss) per Share | 2.79 | 2.54 | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
Summary of Financial Performance:
Increase in Net Profit (Q3 2023 vs. Q3 2022):
- Revenues: Increased by 130 million SAR (9.9%) compared to Q3 2022.
- Gross Profit: Rose to 520.9 million SAR, up by 36 million SAR (7.4%) from Q3 2022.
- Operating Profits: Increased to 102 million SAR, up by 19.3 million SAR (23.3%) from Q3 2022.
- Net Profit: Improved to a net profit margin of (5%) in Q3 2023, compared to (3.7%) in Q3 2022, resulting in a net profit increase of 23.1 million SAR (48%) over Q3 2022. The increase is attributed to higher sales, leading to improved gross and operating profits.
Decrease in Net Profit (Current Quarter vs. Previous Quarter):
- Mainly due to increased selling and distribution expenses for new pharmacies opening and higher promotional offers expenses aimed at maintaining sales figures.
Increase in Net Profit (2023 vs. 2022):
- Revenues: Increased by 369.3 million SAR (9.4%) compared to the same period in 2022.
- Gross Profit: Rose to 1,581.5 million SAR, up by 95.6 million SAR (6.4%) from the same period in 2022.
- Operating Profits: Increased to 339 million SAR, up by 95 million SAR (39%) from the same period in 2022.
- Net Profit: Improved to 236.9 million SAR, resulting in a net profit increase of 20.9 million SAR (9.7%) over the same period in 2022. The increase is primarily due to higher sales, leading to improved gross and operating profits.
Overall, the company’s financial performance has shown significant improvements in revenues, gross profits, operating profits, and net profits compared to the previous year, driven by increased sales and efficient cost management.
