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Herfy Food Services Co. announces its interim Financial results for the period ending on 31 -03-2020 ( Three Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 296,927,858313,403,196-5.256326,523,741-9.063
Gross Profit (Loss) 76,646,68793,541,373-18.061100,061,876-23.4
Operational Profit (Loss) 34,827,07859,218,084-41.18858,752,387-40.722
Net Profit (Loss) after Zakat and Tax 25,130,81548,063,547-47.71349,637,529-49.371
Total Comprehensive Income 25,130,81548,063,547-47.71349,301,646-49.026
All figures are in (Actual) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Total Share Holders Equity (after Deducting Minority Equity) 1,023,117,099987,859,4043.569
Profit (Loss) per Share 0.390.74
All figures are in (Actual) Saudi Arabia, Riyals
Element ListExplanation
Increase (Decrease) in Net Profit for Current Quarter Compared to the Same Quarter of the Previous Year is Attributed to The decrease of net profit for the first quarter of 2020 compared to the same quarter last year 2019 is due to the Decrease of Sales due to the decisions issued by the competent authorities within the precautionary measures and measures to limit the spread of the Corona virus. Which included the closure of Herfy restaurants in commercial centers, and the limitation of service in some restaurants to requests for home delivery . and increase of cost of sales percentage , also the increase of the selling and marketing expenses and the decrease in net other Income despite the decrease of finance cost and the decrease of General and Administration Expenses
Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to The decrease of net profit for the first quarter of 2020 compared to the previous quarter last year 2019 is due to the Decrease of Sales due to the decisions issued by the competent authorities within the precautionary measures and measures to limit the spread of the Corona virus. Which included the closure of Herfy restaurants in commercial centers and the limitation of service in some restaurants to requests for home delivery and the increase of cost of sales percentage also the increase of the selling and marketing expenses and the increase of finance cost despite the increase in net other Income and the decrease of general and administration expenses
Basis of the External Auditor's Opinion Unmodified opinion
Reclassification of Comparison Items Some comparative figures have been reclassified to be consistent with the presentation of the current period.

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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