| 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 |
Revenues decreased by 2.8% to SAR 26.6 million during the current quarter, representing a decline of SAR 0.75 million compared to SAR 27.3 million in the same quarter of the previous year. This decline is attributed to a decrease in the average selling price of the Company’s products. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is |
Net profit decreased by 57.4% to reach SAR 4.7 million for the current quarter, representing a decline of SAR 6.3 million compared to SAR 11.0 million for the corresponding quarter of the previous year. This decrease is mainly attributable to a 2.8% decline in the Company’s sales, in addition to a decrease in gains from the revaluation of financial assets at fair value, which declined by SAR 6.3 million to SAR 0.79 million compared to SAR 7.1 million for the corresponding 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 |
Revenues increased by 9.9% to SAR 26.6 million during the current quarter, representing an increased of SAR 2.4 million compared to SAR 24.2 million in the previous quarter. This increase is attributed to a increase in sales volume. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is |
The current quarter's net profit of SAR 4.7 million, compared to a net loss of SAR 2.7 million in the previous quarter, was driven by a 9.9% increase in sales and a gain on revaluation of financial assets at fair value of SAR 0.79 million, compared to a loss of SAR 4.4 million in the previous quarter. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is |
Revenues decreased by 10.3% to SAR 78.1 million for the current period, a decrease of SAR 9.0 million compared to SAR 87.1 million for the same period last year. This was attributed to a decrease in the average selling price of the company's products for the same period. |
| 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 decrease in net profit for the current period compared to the same period of the previous year is due to a 10.3% decrease in the company's sales, in addition to recording losses from the revaluation of financial assets at fair value amounting to SAR 2.2 million, compared to profits of SAR 21.9 million in the same period of the previous year. |
| 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 have been reclassified to conform with the presentation of the current period’s financial statements |
| Additional Information |
Not applicable |
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