| Increase (Decrease) in Net Profit for Current Year Compared to Last Year is Attributed to |
The reasons for the decrease in total profit ,net income from the main operations, net profit and comprehensive income for the year compared to the previous year are due to: 1 - Decreased sales due to lower demand for products 2 - Decreased margin of profit on products due to strong competition in the local and external markets 3 - High cost of production As a result of the decrease in the manufacturing capacity and bearing the unutilized fixed operating costs.. 4- The increase in the cost of sales attributed to the sales value 5- Increase in the marketing expenses as well as the increase in financing expenses despite the decrease in general and administrative expenses and Zakat expenses. 6- The decrease in the value of investments classified at fair value, as well as the effect of the actuarial study for calculating the end-of-service provision. It is worth noting the decrease in the evaluation of the inventory of basic materials (due to the decrease in the price of those materials at the end of the period). |
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