| 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 revenues increased by the amount of 605.6 million Riyal compared to the same quarter last year with 58% due to the increase in sales volumes |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is |
Increase in net income is attributable to the increase in operating profit due to the increase in sales volumes, revaluation gain on derivative financial instruments related to interest rate exposure, along with the decrease in zakat and tax provision. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is |
The revenues increased by the amount of 236 million Riyal compared to the previous quarter with 17% due to the increase in sales volumes |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is |
The increase in net income is due to the increase in revenues, the decrease in expected credit loss on trade receivables, decrease in finance cost, along with the revaluation gain on derivative financial instruments related to interest rate exposure, despite the increase in selling and general expenses, alongside the increase in zakat and tax provision |
| 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 comparative figures for the previous period have been reclassified to conform to the current period’s presentation. |
| Additional Information |
- |
Comments