Arab Sea Information System Co. announces its consolidated Annual Financial results for the period ending on 2023-12-31

31 March 2024 07:43 AM

ARAB SEA 7201 31.46% 6.77 1.62

Element List	Current Year	Previous Year	%Change
Sales/Revenue	41,170,429	40,847,398	0.79
Gross Profit (Loss)	20,683,743	19,469,037	6.24
Operational Profit (Loss)	-8,798,972	-9,445,787	-6.85
Net profit (Loss)	-9,770,344	-10,439,023	-6.41
Total Comprehensive Income	-9,238,401	-10,933,045	-15.5
Total Share Holders Equity (After Deducting the Minority Equity)	127,044,393	136,282,794	-6.78
Profit (Loss) per Share	-0.09	-0.1
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Amount	Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value	-	-
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year	The reason for the increase in revenues for the current year compared to the previous year by 0.79% is due to the increase in revenues for the fourth quarter of the current year.
The reason of the increase (decrease) in the net profit during the current year compared to the last year is	The reason for the decrease in the net loss for this year by 6.239% compared to the previous year is the increase in the current gross profit compared to the previous year by 6.24%
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	The company recorded profits for the fourth quarter of the current year amounting to 7,711,652 riyals, an increase of 164.68% compared to the same quarter of last year.

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