| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 383,015 | 384,603 | -0.412 | 459,913 | -16.72 |
| Gross Profit (Loss) | 119,480 | 101,621 | 17.574 | 155,932 | -23.376 |
| Operational Profit (Loss) | 37,210 | 34,229 | 8.708 | 54,684 | -31.954 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 22,419 | 21,121 | 6.145 | 40,303 | -44.373 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 22,419 | 21,121 | 6.145 | 38,277 | -41.429 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 1,525,522 | 1,444,714 | 5.593 |
| Profit (Loss) per Share | 0.22 | 0.21 | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Thousands) 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 | Sales decreased slightly compared to the corresponding quarter of the previous year, mainly due to lower sales volumes of sanitaryware, water heater, and red brick products, despite an increase in the average selling prices of these products. On the other hand, tile products recorded an increase in both sales volumes and average selling prices during the period compared to the corresponding quarter of the previous 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 increase in net profit during the current quarter compared to the corresponding quarter of the previous year is attributable to the growth in gross profit, primarily driven by lower production costs, improved operational efficiency, and higher average selling prices of products. On the other hand, selling and distribution expenses increased as a result of the expansion of retail showrooms, in addition to higher storage and transportation costs related to the products. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The decrease in sales compared to the previous quarter is mainly attributable to lower sales volumes of tiles and water heater products, despite the increase in the average selling prices of these products. This decline is primarily due to seasonal factors associated with the current period, including the holy month of Ramadan and the Eid Al-Fitr holiday |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The decrease in net profit compared to the previous quarter is mainly attributable to the decline in gross profit resulting from lower sales, due to seasonal factors associated with the current period, including the holy month of Ramadan and the Eid Al-Fitr holiday. |
| 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) | Emphasis of matter – change in accounting estimates We draw attention to Note 5.1 to the condensed consolidated interim financial statements, which describes the change in accounting estimate relating to the useful lives of certain items of property, plant and equipment. Our conclusion is not modified in respect of this matter. |
| Reclassification of Comparison Items | NA |
| Additional Information | The Company continues its ongoing efforts to enhance operational efficiency and improve cost management, alongside diversifying its products and sales channels, and expanding its customer base through strengthening the presence of its retail showrooms. These efforts support the improvement of profit margins and contribute to achieving sustainable growth. |