All figures are in (Millions) Saudi Arabia, Riyals
Element List
Current Period
Similar period for previous year
%Change
Sales/Revenue
124.97
91.49
36.59
Gross Profit (Loss)
124.97
91.49
36.59
Operational Profit (Loss)
114.09
80.91
41.01
Net Profit (Loss) after Zakat and Tax
111.17
80.36
38.34
Total Comprehensive Income
118.44
8.16
1,351.47
Total Share Holders Equity (after Deducting Minority Equity)
962.45
908.59
5.93
Profit (Loss) per Share
1.88
1.36
All figures are in (Millions) Saudi Arabia, Riyals
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 reason for the increase in net profit during the current quarter compared to the same quarter of the previous year is due to:
• Increase in profits from selling shares in associated companies.
• Increase in profit from selling financial assets at fair value through profit or loss.
• Increase in dividends earned.
in spite of:
• Decrease in the company share of associate companies' profits.
• Increase in unrealized Losses from financial assets at fair value through profit or loss.
• Increase in financing costs.
• Increase in general and administrative expenses
• Increase in the zakat expenses.
• Decrease in other income.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is
The reason for the decrease in net profit during the current quarter compared to the previous quarter is due to:
• Increase in unrealized losses from financial assets at fair value through profit or loss.
• Decrease in profit from selling financial assets at fair value through profit or loss.
• Decrease in dividends earned.
• Decrease in the company share of associate companies' profits.
• Increase in general and administrative expenses.
• Increase in financing costs.
in spite of:
• Increase in profits from selling shares in associated companies.
• Increase in other income.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is
The reason for the increase in net profit for the current period compared to the similar period of the previous year is due to:
• Increase in profits from selling shares in associated companies.
• Increase in profit from selling financial assets at fair value through profit or loss.
• Increase in unrealized gains from financial assets at fair value through profit or loss.
• Increase in dividends earned.
in spite of:
• Decrease in the company share of associate companies' profits.
• Increase in financing costs.
• Increase in general and administrative expenses
• Increase in the zakat expenses.
• Decrease in other income.
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
there is no
Reclassification of Comparison Items
there is no
Additional Information
The company transferred 1 million shares of Obeikan Glass Company shares to United permanent growth investment Company (Affiliated company). with the aim of strengthening the financial position of the affiliated company and achieving the desired investment objectives. This transfer did not result in any financial impact.
Earnings per share were adjusted due to a company starting to purchase treasury shares based on the approval of the extraordinary general assembly on January 25, 2023, as the company purchased 872,257 shares of treasury shares.
The company's share of the profits of associate companies amounted to 8.07 million riyals during the current quarter, compared to 26 million riyals during the same quarter of the previous year, with a decrease of 69%.
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