| 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 increased by 0.8% reaching SAR 254 million, an increase of SAR 2 million. This growth was mainly driven by expansion in Flour small packs segment +10%, which was off-set by Feed -10% de-growth (mainly due to passing on commodity price decrease to customers). |
| 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 increased by 16% reaching SAR 56 million, an increase of SAR 8 million. This strong performance was driven by lower financing costs in current period. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Revenues increased by 5.8% reaching SAR 254 million, an increase of SAR 14 million. This performance is due to a positive recovery from the seasonal downturn in previous quarter. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | Net profit increased by 13% reaching SAR 56 million, an increase of SAR 6 million. This strong performance was driven by topline growth, favorable sales mix & enhanced margins. |
| 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 increased by 3.0% reaching SAR 755 million, an increase of SAR 22 million. Growth was due to increase in all categories led by Flour. This performance is due to effective execution and strategic value of our diversified product portfolio. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | Net profit increased by 9% reaching SAR 171 million, an increase of SAR 14 million. This strong performance was driven by topline growth & effective financial management resulting in lower financing costs. |
| 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 | Not applicable. |
| Additional Information | - |