Cherry Trading Corrects Net Profit Decrease in the Six Months 2026
CHERRY 4265.SA | 0.00 |
| Element List | Explanation |
|---|---|
| Date of Publishing the Previous Announcement Sought to be Corrected on Saudi Exchange’s Website | 2026-08-05 Corresponding to 1448-02-22 |
| Hyperlink to the Previous Announcement | Click Here |
| Incorrect statements in the previous announcement |
-The increase in net profit in 2Q 2026 compared to 2Q 2025 was primarily driven by higher revenue, improved operational efficiency and disciplined cost control, which strengthened both gross profit and operating profit.
-Other matter |
| Correct Statement |
-The decrease in net profit in Q2 2026 compared to Q2 2025 was primarily due to the ECL provision.
-Other matter The condensed interim financial statements as at and for the three- and six-month period ended 30 June 2025 were reviewed, and the financial statements as at and for the year ended 31 December 2025 were audited by another auditor, whose review and audit reports dated 28 August 2025 and 19 March 2026 respectively, expressed an unmodified review conclusion and unmodified audit opinion thereon. |
Other Items
Cherry Trading Co. issued a correction announcement on 06/08/2026 regarding its Preliminary Financial Results for the six-month period ended June 30, 2026, correcting a previous announcement published on 2026-08-05. The incorrect statement had attributed the increase in net profit in Q2 2026 compared to Q2 2025 to higher revenue, improved operational efficiency, and disciplined cost control; the corrected statement clarifies that Q2 2026 actually saw a decrease in net profit compared to Q2 2025, primarily due to the ECL (Expected Credit Loss) provision. Additionally, the correction notes that the condensed interim financial statements as at and for the three- and six-month period ended 30 June 2025 were reviewed, and the financial statements as at and for the year ended 31 December 2025 were audited by another auditor, whose review and audit reports dated 28 August 2025 and 19 March 2026 respectively expressed an unmodified review conclusion and unmodified audit opinion.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97324&anCat=1&cs=4265&locale=arNote: The original announcement does not explicitly specify a currency unit. Figures above are reproduced as-is. Please refer to the original announcement for details.
Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.