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RAS AL KHAINIAH
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POULTRY & FEEDING CO.
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Public Share Holding Co. (P.S.C) 1..o.c. 4411-, 5.,..6
Paid up Capital 86,400,000 Dlrhams At.t
ISO 5001:1015
HACCP
ISO 14001:2015
Discussion report and analysis of the Board of Directors
Date 09/08/2022
Name of the Listed Company Ras Al Khaimah Poultry and Feeding Co. Public JSC
The period of the financial statemen Financial statements for the second quarter/halfyear of the fiscal
covered by the report year ending on 30/06/2022
Overview of the main results during the - Total revenue =3,981,286 dirhams
financial period - Direct costs = (4,355,662) dirhams
- Total Loss = (374,192) dirhams
Securities issued during the financia No securities issued.
period
Summary of the most important non The great competition in the market of products imported from
financial events and developments dd uring outside the country, which forced the company to reduce its
the financial period production operations in the poultry sector and balance it with the
volume of sales by reducing production in exchange for weak sales as a result of competition, and some other factors.
The Board of Directors in their meeting held on 06th June, 2022 considered the overall situation of the poultry sector, company's
declining sales due to highly competitive and subsidized market
and lack of proper sales engine resulting into recurring losses for the Company. The Company tried optimizing this business, but
poultry business continues to be loss making and thus adversely
impacting the income generated by the Company from its
profitable investments business segment. After all due
consideration, the Board of Directors decided to wind down the
poultry business latest by the end of the currentyear in the best
interest of the shareholders. The Company is also exploring
possibilities of outsourcing of poultry business brand to any
interested third party.
Summary of operational performance --Number of layer chicken pieces = 12,850 during the financial period - The quantity of table eggs produced = 4,603,680 table eggs.
1.\£ - +6 V V YeLVVV +9S*1 V Yilrf VT Tel.: *971 7 2462222. Fax *971 7 2462220, P.O.Box 184, Ras Al Khaimah, United Arab Emirates
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TRAS AL KHAIMAH :1.1:0a.aJ I i.i..r at) ;..ac rat.
POULTRY & FEEDING CO. 1 a
jj Public Share Holding Co. (P.S.C) /Ala
Paid up Capital 86,400,000 Dirhams NORD amp" Al.t . ti.14..:10
ISO 13091:2015
HACOP
ISO 141/0122.015
Summary of profit and loss during the - Total Loss = (374,192) dirhams
financial period - Net Profit = 2,298,021 dirhams.
Increase in the fair value of the listed investments=33,765,( 21 dhs
- Total comprehensive profit = 36,063,042dirhams.
Summary of financial position as at the - Total non -current assets = 361,033,717 dirhams
end of the financial period - Total current assets = 361,033,717 dirhams.
- Total non -current liabilities = 1,890,889 dirhams.
- Total current liabilities = 25,548,653 dirhams.
Summary of cash flows during the -The net cash from operating activities = (483,809) dirhams
financial period - Net cash flows from vesting activ ties = 1,135,027 ddiirrhhaamn s. - Net cash used in financing activities = (331,611) dirhams
Main performance indicators:
Expectations for the sector and the The sector faces great challenges in the low selling prices as a
company's role in these expectations result of the competition from imported products and from some
other Emirates and the high costs of basic production input. such
as feeding and electricity. The Company tried optimizing this business, but poultry bu Mess
continues to be loss making and thus adversely impacting tthl e income generated by the Company from its profitable invest merits
business segment. After all due consideration, the Board of
Directors decided to wind down the poultry business latest y the I end of the current year in the best interest of the sshhaarreehhoollddee rs. The
Company is also exploring possibilities of outsourcing of ppoo ultry
business brand to any interested third party.
Expectations regarding the economy and The economy is expected to recover, and we are hoping ppoossii tive
its impact on the company and the sector effects on the sector.
Future plans for growth and changes in The Board of Directors in their meeting held on 06th June, 21 )22
operations in future periods considered the overall situation of the poultry sector, ccoommpp any's
declining sales due to highly competitive and subsidized mmaa rket and lack of proper sales engine resulting into recurring lloossssee s for
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Tel.: +971 7 2462222, Fax +971 7 2462220, P.O.Hox 184, Ras Al Khaimah, United Arab : :
-mail ropco'd emirates.net.ae, Web Site : ss Vl vi.rakpoultry.eton
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RAS AL KHAIN1AH asa-efr--11.rig71--CrZ,
POULTRY & FEEDING CO. a 1 ilj 4a.y.-11
Public Share Holding Co. (RSA-) Lots t .a iit-. t_e_rt
mass A
Paid up Capital 'Whams At. t e_fri-a
ISO 11001:2015
HACCP
ISO 14001:2015
the Company. The Company tried optimizing this business, but
poultry business continues to be loss making and thus adversely
impacting the income generated by the Company from its
profitable investments business segment. After all due
consideration, the Board of Directors decided to wind down the
poultry business latest by the end of the year in the best
interest of the shareholders. The Company is also exploring
possibilities of outsourcing of poultry business brand to any
I
interested third party.
The size and impact of current and There are no expected capital expenditures during the next period
projected capital expenditures on the
for the company
company
The developments of the implementation Searching for suitable investments when the right opportunity of projects, plans and transactions and comes for investment.
deals that were discussed the by
company's board of directors in the report
for the previous fiscal year
- . .
Deputy Chairman of the Board of Directors HE/ Mubarak Ali Mubarak Alshamsi
Signature and Date - 09/08/2022
Company's Seal
448
POULIV1.1%t
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1: -mail rape emiratesnetae, Web Site : nne..rakpoultry.eom
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Sentiment: neutral