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Nayifat Finance Co. announces its Interim Financial results for the Period Ending on 2024-03-31 ( Three Months )

NAYIFAT 4081 3.09% 13.34 0.40
Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change
Sales/Revenue 85,744 100,409 -14.605 94,832 -9.583
Gross Profit (Loss) 73,546 89,163 -17.515 81,530 -9.792
Operational Profit (Loss) 21,677 38,954 -44.352 18,672 16.093
Net profit (Loss) 17,177 32,454 -47.072 15,872 8.222
Total Comprehensive Income 17,177 32,454 -47.072 15,372 11.742
All figures are in (Thousands) Saudi Arabia, Riyals


Element List Current Period Similar period for previous year %Change
Total Share Holders Equity (After Deducting the Minority Equity) 1,394,091 1,321,154 5.52
Profit (Loss) per Share 0.14 0.27
All figures are in (Thousands) Saudi Arabia, Riyals


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


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 The reason for decrease in revenues in current quarter as compared to same quarter of last year is mainly due to decrease in overall financing portfolio and income suspension from delinquent customers.
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 decrease in net profit in current quarter as compared to same quarter of last year is mainly due to decrease in revenues from financing.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The reason for decrease in revenues in current quarter as compared to previous quarter is mainly due to additional revenues recognized in previous quarter because of early terminated contracts and revenues recoveries from delinquent customers.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The reason for the increase in the net profit in current quarter as compared to previous quarter is due to decrease in the charges of expected credit loss allowance which was offset by decrease in revenues from financing.
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) NA
Reclassification of Comparison Items NA
Additional Information -

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