| Element List |
Explanation |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is |
The company achieved profits this year 2020 compared to last year 2019 as a result of increased sales and revenues this year compared to last year by 29% as a result of the company’s expansion in the logistics services sector and its association with long-term contracts with its customers in this sector, higher sales of storage equipment and other sectors, as well as lower government costs for the Industrial sector. and lower selling costs due to lower transportation and installation costs for projects. |
| Statement of the type of external auditor's report |
Unmodified opinion |
| Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion |
There is no |
| Reclassification of Comparison Items |
Certain comparative figures have been re-presented and classified to conform to the presentation for the current period. |
| Additional Information |
The basic and diluted share of the profit or loss for the current year and the previous year was calculated by dividing the net profit or loss for the year after zakat attributable to the shareholders of the company by the weighted average number of ordinary shares outstanding at the end of 2020 amounting to 2,500,000 shares after taking the retroactive increase in shares. |
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