| Element List |
Explanation |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is |
Revenues: The company achieved an increase in revenues in the first quarter of 2024 amounting to SR. 108.8 million, at a rate of (7.7%) over the corresponding period of the previous year 2023, and this is due to the increase in sales activities across all channels. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is |
Net profit: Net profit in the first quarter of 2024 increased by (25%) and amounted to SR. 19 million over the same period of the previous year 2023. This is mainly due to the increase in sales, which led to an increase in gross profit by SR. 29.4 million (5.5%). For the similar period of the previous year 2023 , and also controlling expenses, which led to an increase of SR. 15.7 million, or a percentage of (13.6%) in operating profits over the similar period of the previous year 2023. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is |
Revenues: The company achieved an increase in revenues in the first quarter of 2024 amounting to SR. 58.3 million, at a rate of (4%) over the previous quarter of 2023, and this is due to the increase in sales activities across all channels. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is |
Net profit: Net profit increased in the first quarter of 2024 by SR.3 million, or by (3.2%) compared to the previous quarter of 2023. This is mainly due to the increase in sales, which led to an increase in gross profit by SR. 39.3 million, or by ( 7.5%) over the previous quarter of 2023, and also controlling expenses, which led to an increase of SR. 4 million by a percentage of (3.2%) in operating profits over the previous quarter of 2023. |
| Statement of the type of external auditor's report |
Unmodified conclusion |
| 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) |
Not applicable |
| Reclassification of Comparison Items |
Certain corresponding figures have been rearranged and reclassified, wherever considered necessary for better presentation, the effect of which is not material. |
| Additional Information |
Not applicable |
Comments