| Element List |
Explanation |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is |
The decrease in revenue for the current half compared to the same period of the previous year, amounting to SAR 4.6 million and representing a 10% decline, is primarily due to a reduction in selling prices. However, gross profit increased due to a reduction in costs relative to sales. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is |
The increase in net profit by 35% during the current half compared to the same period of the previous year is attributed to an 18% reduction in the cost of sales, which declined at a higher rate than sales, resulting in an increase in gross profit. Additionally, the decrease in selling and distribution expenses and zakat contributed to the improved results, despite the rise in general and administrative expenses and finance costs. |
| Statement of the type of external auditor's report |
Unmodified conclusion |
| Reclassification of Comparison Items |
N/A |
| Additional Information |
Earnings before interest, taxes, depreciation, and amortization (EBITDA) amounted to SAR 6.7 million. The figures included in the condensed consolidated interim financial statements have been rounded to the nearest Saudi Riyal. |
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