| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 314.9 | 405.6 | -22.361 | 282.18 | 11.595 |
| Gross Profit (Loss) | 74.07 | 81.93 | -9.593 | 66.6 | 11.216 |
| Operational Profit (Loss) | 27.05 | 24.75 | 9.292 | -20.96 | - |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 12.14 | 33.85 | -64.135 | 4.86 | 149.794 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 12.04 | 34.19 | -64.785 | 4.16 | 189.423 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 333.8 | 454.92 | -26.624 |
| Profit (Loss) per Share | 0.4 | 1.13 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| Accumulated Losses | - | - | |
| All figures are in (Millions) 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 company posted a sales revenue of SAR. 314.90M in the current quarter in comparison to SAR. 405.60M for the similar quarter of last year. Although the increase realised in ICT core business, the decrease in overall revenue is due to Data centers division, where the Project has been completed early in this quarter. In spite the decrease in revenue, the Company was able to secure gross profit margin of 23.5% as compared 20% in similar quarter last 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 company posted a gross profit of SAR 74.07M in the current quarter versus SAR 81.93M in a similar quarter of last year, with a decrease of 10%. Although there is increase in ICT core business profit margin by SAR 21M, however the overall decrease in gross profit by SAR 8M is mainly due to Data centers project completion early this quarter. The company registered an operational profit of SAR 27.05M in the current quarter versus SAR 24.75M in the similar quarter of last year, registering an increase of 9% in operational profit. This increase is mainly due to the following: - Decrease in general and administration expenses during the current quarter by SAR. 10.39M compared to similar quarter of last year due to cost efficiencies. - Decrease in selling and marketing expenses during the current quarter by SAR. 2M compared to similar quarter of last year mainly due to decrease in advertising and sales promotion expenses. - On the other hand, the company recognized SAR. 2M an increase in non-cash provision related to expected credit loss in trade receivables and contract assets in current quarter compared to similar quarter of last year. The net profit for the current quarter is SAR 12.14M versus SAR 33.85M in the similar quarter of last year. This decrease is mainly due to the gain recorded in similar quarter of last year from investment amounted to SAR. 25.8M. By elimination of this one-time investment gain of SAR 25.8M, Company has secured 50% increase in net profit in this quarter as compared to same quarter last year. The total comprehensive income for the current quarter is SAR.12.04M in comparison to SAR. 34.19M in the similar quarter of last year. The total shareholders' equity amounting to SAR 334M, compared to SAR 455M in the similar quarter of the last year. Earnings per share is 0.40 during the current quarter compared to SAR 1.13 in the similar quarter of last year. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The company posted a sales revenue of SAR. 314.90M in the current quarter in comparison to SAR. 282M for the previous quarter of last year. This increase is primarily mainly due to increase in ICT core business. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The company posted a gross profit of SAR 74.07M in the current quarter versus SAR 66.60M for the previous one due to the increase in the project’s profitability. The company registered an operational profit of SAR 27.05M for the current quarter versus loss of SAR 21M in the previous one of last year. The loss in previous quarter was mainly due to non-cash provision of expected credit losses. The net profit for the current quarter is SAR 12M versus 4.8M in the previous one. |
| 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) | N/A |
| Reclassification of Comparison Items | N/A |
| Additional Information | - |
