| 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 50% during the current quarter compared to the same quarter of the previous year, driven by growth across all sectors. Revenues from the steel sector rose by 90%, the logistics sector by 31%, the wood sector by 18%, and other sectors by 12%. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | Despite a 50% increase in sales during the current quarter and a 47% increase in the cost of revenue which is a lower rate than the increase in sales resulting in a 65% growth in gross profit, and despite the decline in financing costs, other expenses, and zakat provision, the net loss for the current quarter increased compared to the same quarter of the previous year. This was primarily due to the creation of an additional provision for doubtful debts amounting to SAR 5.9 million, along with a 10% increase in selling and marketing expenses, a 15% increase in general and administrative expenses, and a decline in investment income. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Revenues for the current quarter declined by 5% compared to the previous quarter of this year, mainly due to a 49% decrease in revenues from the wood sector, despite revenue growth across all other sectors. Revenues from the steel sector increased by 31%, the logistics sector by 7%, and other sectors by 36%. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The company recorded a net loss during the current quarter compared to a net profit in the previous quarter of this year. This was primarily due to the creation of an additional provision for doubtful debts amounting to SAR 5.9 million, a 5% decline in sales, an 11% decrease in gross profit, a 28% increase in selling and marketing expenses, and a 10% increase in general and administrative expenses, as well as a decline in other income and investment gains. This occurred despite a 4% decrease in the cost of revenue which was lower than the rate of decline in sales as well as a decrease in financing costs and zakat provision. |
| 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 for the current period increased by 24% compared to the same period of the previous year, driven by growth across all sectors. Revenues from the steel sector rose by 23.55%, the wood sector by 28.5%, the logistics sector by 15.97%, and other sectors by 51.61%. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | Despite a 24% increase in sales and an 18% increase in the cost of revenue—which is a lower rate than the increase in sales—resulting in a 54% rise in gross profit, along with a 6% decrease in selling and marketing expenses, an increase in other income, a 22% reduction in financing costs, and a decrease in zakat provision, the net loss for the current period increased by 35% compared to the same period of the previous year. This was primarily due to the creation of an additional provision for doubtful debts amounting to SAR 6.5 million during the current period, an 18% increase in general and administrative expenses, and an 87% decline in investment income. |
| 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) | Nothing |
| Reclassification of Comparison Items | Certain comparative figures have been re-presented and classified to conform to the presentation for the current period. |
| Additional Information | Basic and diluted earnings (loss) per share for the current period and the corresponding period of the previous year were calculated by dividing the net profit or loss after zakat attributable to the company’s shareholders by the weighted average number of outstanding ordinary shares at the end of each period. The weighted average number of shares for the current period was 175,000,000 shares, and for the corresponding period of the previous year, it was also 175,000,000 shares. |
