| Element List |
Explanation |
| The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year |
The reason for the increase in sales during the current year compared to the previous year is due to the increase in the quantity of sales from existing locations in addition to the growth in the number of added locations. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is |
The reason for the increase in net profit during the current year compared to the previous year is the growth in sales, which led to the growth of gross profit, and decrease in G&A expenses, which had a positive impact on income from main operations, in addition to increase in investment revenues and the current year’s inclusion of the profit resulting from the valuation of Investment properties and a decrease in zakat expense. This is despite the increase in selling and marketing expenses, the provision for credit losses, financing expenses, and the previous year’s inclusion of the profit resulting from the sale and leaseback process. |
| Statement of the type of external auditor's report |
Unmodified opinion |
| 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) |
There is no |
| Reclassification of Comparison Items |
The comparative financial statements have been amended and reclassified to conform with the accounting policies applied for this year, which have been prepared in accordance with (IFRS), and the endorsements, interpretations, and other standards approved by the Saudi Organization for Certified Public Accountants (SOCPA). This has been explained in the notes to the consolidated financial statements as of December 31, 2023. |
| Additional Information |
- |
| Attached Documents |
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Comments