Element List |
Explanation |
The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year |
The decrease in sales revenue for the current year compared to previous year is mainly due to lower property sale. |
The reason of the increase (decrease) in the net profit during the current year compared to the last year is |
Despite of lower property sales; the increase in net income is mainly due to the increase in share of income from associates and the increase in lease revenue. The increase in finance cost is fully off-set with the decrease in operating expenses and the higher non-operating income from Islamic Murabaha deposits and positively impacted the net income. |
Statement of the type of external auditor's report |
Unmodified opinion |
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) |
None |
Reclassification of Comparison Items |
None |
Additional Information |
None |
Comments