| 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 reason for the decrease in revenues for the current quarter compared to the same quarter of the previous year is due to price fluctuations and low demand for the company's main products |
| 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 reason for the increase in net profit during the current quarter of 2024 compared to the same quarter of 2023 is due to the company's profits from its investments by utilizing part of the cash liquidity. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is |
The reason for the increase in revenues for the current quarter compared to the previous quarter is due to the opening of new marketing channels to attract more new customers |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is |
The reason for the increase in net profit during the current quarter compared to the previous quarter is due to the increase in the company's sales compared to the previous quarter, as well as the increase in the company's profits from its investments by utilizing part of the cash liquidity s. |
| 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) |
The interim condensed financial statements for the three-month period ended 31 March 2023 were examined by another auditor who made an unmodified conclusion in those condensed interim financial statements dated 3 Dhu al-Qa'dah 1444H corresponding to 23 May 2023G. |
| Reclassification of Comparison Items |
Comparative figures have not been reclassified in the financial statements. |
| Additional Information |
- Earnings per share for the current period of 2024 have been calculated on the weighted average number of shares of 19,440,000 shares. The loss per share for the same period of the previous year 2023 was calculated on the weighted average number of shares of 19,440,000 shares. - The company indicates that its accumulated losses reached 26.01% of the capital: the accumulated losses as at 31/03/2024 according to the financial statements as at 31/03/2024. An amount of SAR 50.57 million, representing 26.01% of the company's capital of SAR 194.40 million. The main reasons for these accumulated losses are due to the current economic conditions and the decrease in demand and profit margin for the company's main products. The company will apply the procedures and instructions issued by the Capital Market Authority regarding companies whose shares are listed on the Saudi Stock Exchange and whose accumulated losses amounted to 20% or more of their capital |
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