| Element List |
Explanation |
| The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year |
The company's sales for the year 2023 amounted to 150,830,296 compared to the year 2022, with a value of 140,510,647 riyals, a growth rate of 7.34%. The reason is due to the growth of sales in the export sector and the addition of the government sector as a new sector during the current year, in addition to the development of new products that contributed to raising the volume of sales. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is |
The company's net profits after zakat and tax in the year 2023 amounted to 10,138,204 riyals compared to the year 2022, which amounted to 6,019,746 riyals, a growth rate of 68.42%. The reason is due to the decrease in the cost of sales due to the diversification of sources of supply of raw materials at a lower cost compared to last year, in addition to the increase in the company's sales volume. . |
| 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) |
NA |
| Reclassification of Comparison Items |
The comparison year figures have been reclassified in line with the current year’s classification |
| Additional Information |
- |
| Attached Documents |
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