All figures are in (Millions) Saudi Arabia, Riyals
Element List
Current Period
Similar period for previous year
%Change
Sales/Revenue
3,445.99
2,621.18
31.47
Gross Profit (Loss)
460.74
334.68
37.66
Operational Profit (Loss)
198.67
120.06
65.47
Net Profit (Loss) after Zakat and Tax
93.88
56.83
65.19
Total Comprehensive Income
93.88
56.83
65.19
Total Share Holders Equity (after Deducting Minority Equity)
1,753.76
1,674.46
4.74
Profit (Loss) per Share
0.11
0.07
All figures are in (Millions) Saudi Arabia, Riyals
Element List
Explanation
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is
The increase in net income is due to the increase in operating profit mainly because of the increase in sales volume and the increase in sales prices for some products, despite the increase in finance costs, and the decrease in revaluation gain on derivative financial instruments related to interest rate exposure.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is
The increase in net income is due to the increase in operating profit mainly because of the improvement in gross profit along with the decrease in Zakat and tax provision, despite the increase in finance costs, together with the increase in foreign currency revaluation, and the decrease in revaluation gain on derivative financial instruments related to interest rate exposure.
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 income is due to the increase in operating profit mainly because of the increase in sales volume and the increase in sales prices for some products alongside the decrease in foreign currency revaluation loss, despite the increase in finance costs, along with the increase in zakat and tax provision, together with the decrease in revaluation gain on derivative financial instruments related to interest rate exposure.
Statement of the type of external auditor's report
Unmodified conclusion
Reclassification of Comparison Items
Certain comparative figures for the previous period have been reclassified to conform to the current period’s presentation.
Additional Information
Earnings per share for all periods presented is calculated by dividing the net profit by 843.2 million shares, after the approval of the Extraordinary General Assembly held on June 21, 2023, to divide the nominal value of the share from 10 Saudi riyals per share to 1 Saudi riyal per share, so that the number of shares of the company after the split becomes 843.2 million shares instead of 84.32 million shares.
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