Sales:

Sales in the current quarter increased by 52.43% compared to the same quarter of the previous year, due to increased sales volume in all types of cable during the current quarter.

Selling and Marketing Expenses:

Selling and Marketing expenses increased by 33.31% compared to the same quarter of the previous year, due to the increase in sales volume and an increase in the transportation cost which resulted in higher spending.

General and Administrative Expenses:

General and administrative expenses increased by 19.97% compared to the same quarter of the previous year, due to increased spending on research and strategic planning, as well as salaries and wages.

Financing Costs:

Financing costs for the current quarter increased by 22.15% compared to the same quarter of the previous year. This increase was due to increased purchases of raw copper and other raw materials to meet sales demand, as well as an increase in customer credit balances resulting from increased sales.

Zakat:

Zakat expenses decreased by 84.62% in the current quarter compared to the same quarter of the previous year. The zakat expense for the current quarter was reduced by SAR 3.7 million as a result of the company obtaining final ZAKAT assessments for previous years.

All of the above factors combined contributed to a 37.3% increase in net profit for the current quarter compared to the same quarter of the previous year.

Sales:

Sales increased by 12.37% compared to the previous quarter

Selling and Marketing Expenses:

Selling and Marketing Expenses increased by 15.6% compared to the previous quarter due to increased sales, which required an increase in selling and marketing expenses

General and Administrative Expenses:

General and Administrative Expenses increased by 5.2% compared to the previous quarter due to an increase in general and administrative expenses, such as salaries and wages

Financing Costs:

Financing costs increased by 1.89% compared to the previous quarter due to an increase in purchases of raw copper and other raw materials, as well as an increase in customer credit balances resulting from increased sales

Zakat:

Zakat expense decreased by 86.99% in the current quarter compared to the previous quarter, as a result of a reduction of 3.7 million riyals in the expense, as a result of the company obatining final assessments for previous years.

All of the above factors combined contributed to a 55.75% increase in net profit for the current quarter compared to the previous quarter

Sales:

Sales for the current period increased by 33.03% compared to the same period last year, due to increased sales volume across all types of cables, as well as increased project and retail sales.

Sales and Marketing Expenses:

Sales and marketing expenses for the current period increased by 32.25% compared to the same period last year, due to increased sales volume.

General and Administrative Expenses:

General and administrative expenses for the current period increased by 4.27% compared to the same period last year, due to increased research and strategic planning expenses, as well as increased salaries and wages.

Financing Costs:

Financing costs increased by 19.91% for the current period compared to the same period last year, due to increased purchases of raw copper and other raw materials, as well as an increase in customer credit balances resulting from increased sales.

Zakat:

Zakat expense for the current period decreased by 31.38% compared to the same period of the previous year, as a result of a reduction of 3.7 million riyals in zakat expense due to the company obtaining final assessments for previous years.

All of the above factors combined contributed to a 2.86% increase in net profit for the current period compared to the same period last year.