| Element List |
Explanation |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is |
The main reason for the Increase of Sales/revenues by 36.564% during the current quarter compared to the same quarter of the previous year is due to the increase in the quantity and value of sales in the electricity sector by 15.13% and 11.89%, respectively, and the increase in the quantity and value of sales in the renewable energy sector by 564.22% and 757.37%, respectively, and the increase in the selling prices of products in this sector by 29.08%. In addition to the increase in the sold quantities in the construction sector by 3.09%. |
| 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 main reason for the company achieving a net profit of SAR 29.549 million during the current quarter compared to a net loss of SAR (41.900) million the same quarter of the previous year is due to the increase in the quantity and value of sales in the electricity sector by 15.13% and 11.89%, respectively, and the increase in the quantity and value of sales in the renewable energy sector by 564.22% and 757.37%, respectively, and the increase in the selling prices of products in this sector by 29.08%. In addition to the increase in the sold quantities in the construction sector by 3.09% and decrease in the cost of sales in the construction and electricity sectors by 26.92% and 16.44%, respectively. Despite the increase in financing costs by SAR 2.707 million, or 19.67% compared with the the same quarter of the last year, as a result of the increase in interest rates on financing globally. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is |
The main reason for increase sales/revenues by 41.61% during the current quarter compared to the previous quarter is due to the increase in the quantity and value of sales in the electricity sector by 40.15% and 52.47%, respectively, and the increase in the quantity and value of sales in the renewable energy sector by 134.74% and 173.03%, respectively, and the increase in the selling prices of products in constructions, electricity and renewable energy sectors by 5.72%, 8.79% and 16.31% respectively. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is |
The main reason for the company achieving a net profit of SAR 29.549 million during the current quarter compared to a net loss of SAR (22.978) million during the previous quarter is the increase in the quantity and value of sales in the electricity sector by 40.15% and 52.47%, respectively, and in the renewable energy sector by 134.74%. % and 173.03%, respectively. In addition to the increase in the selling prices of products in the construction, electricity, and renewable energy sectors by 5.72%, 8.79%, and 16.31%, respectively, and the decrease in cost of sales in the construction and electricity sectors by 7.34%, 3.77%, respectively. In addition to a decrease in financing costs by SAR 2.195 million, or 11.76%, over the previous quarter, as a result of the decrease in the average balance of short term loans during the current quarter. |
| Statement of the type of external auditor's report |
Unmodified conclusion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) |
No |
| Reclassification of Comparison Items |
Certain comparative figures have been reclassified to conform to the presentation for the current period. |
| Additional Information |
No |
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