Abdulaziz and Mansour Ibrahim Albabtin Co. announces its Interim Financial Results for the Period Ending on 2023-06-30 ( Six Months )
| Element List | Explanation |
|---|---|
| Increase (Decrease) in Net Profit for Current Period Compared to Previous Period is Attributed to | Despite the increase in sales by 3.4% during the current period compared to the same period of the previous year as a result of the diversification of the company's products and the increase in customers.
However, the increase in the cost of sales from 70.1% during the same period of the previous year to become 73.7% during the current period due to the increase in the cost of raw materials as a result of global inflation, which clearly affected the decline in net profits for the current period. - In addition to the high general and administrative expenses. -In addition to the high financing costs. - The fluctuation in the rise in foreign exchange rates also led to a decrease in other revenues. |
| 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 | No |
| Reclassification of Comparison Items | Certain figures of comparatives have been reclassified to conform to the current presentation. |
| Additional Information | No |
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