| Element List |
Explanation |
| 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 decrease in the net losses during the current quarter compared to the same quarter of the previous year is mainly due to the increase in sales through improving the product mix according to market demand, and the improvement in purchasing power, increased demand onhigh-end yarn products, which led to an increase in production capacity utilization, decreased cost per unit and thus improved profit margin by 10%. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is |
The decrease in the net losses during the current quarter compared to the previous quarter is due to the increase in sales and the decrease in operating expenses through the company's focus on collecting from customers on due dates, which avoided the need to bear provisions for expected credit losses and thus reduced operating losses and a decrease in net losses. |
| Statement of the type of external auditor's report |
Unmodified conclusion |
| Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion |
Not Applicable |
| Reclassification of Comparison Items |
Not Applicable |
| Additional Information |
1- Naseej would like to clarify that the calculation of the loss per share for the current period is based on the number of 6.163 million shares, as for calculating the share of loss for the previous period based on the weighted average 10.636 million shares, according to the resolution of increase the capital based on the approval of the General Assembly of shareholders held on 22 January 2020 . |
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