Arab Sea Information Systems Company announces its interim consolidated financial results for the period ending on 31-03-2024 (three months)
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 9,089,827 | 9,318,129 | -2.45 | 18,974,111 | -52.093 |
| Gross Profit (Loss) | 100,723 | 2,598,715 | -96.124 | 16,910,780 | -99.404 |
| Operational Profit (Loss) | -6,910,470 | -4,662,415 | 48.216 | 8,361,234 | - |
| Net profit (Loss) | -7,071,930 | -4,897,931 | 44.386 | 7,711,652 | - |
| Total Comprehensive Income | -7,071,930 | -4,897,931 | 44.386 | 8,243,595 | - |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Share Holders Equity (After Deducting the Minority Equity) | 119,972,463 | 131,384,863 | -8.686 |
| Profit (Loss) per Share | -0.07 | -0.05 | |
| All figures are in (Actual) 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 (Actual) 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 the decrease in revenues for the current quarter compared to the same quarter of the previous year is due to:
- Revenues for the current quarter decreased by 2.4% compared to the same quarter of the previous year. |
| 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 the increase in net loss for the current quarter compared to the same quarter of the previous year is due to:
- Cost of revenues increased by 33.77% compared to the same quarter of the previous year. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The reason for the decrease in revenues during the current quarter compared to the previous quarter is due to:
- Revenues for the current quarter decreased by 52.1% compared to the previous quarter. This is due to the impact of government projects being reflected in the revenues of the previous quarter |
| 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 net loss during the current quarter compared to the previous quarter is due to:
- Cost of revenue for the current quarter increased by 225.65% compared to the previous quarter |
| 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) | None |
| Reclassification of Comparison Items | None |
| Additional Information | - |
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