| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 512,139 | 393,973 | 29.993 | 445,784 | 14.885 |
| Gross Profit (Loss) | 299,301 | 223,997 | 33.618 | 244,677 | 22.324 |
| Operational Profit (Loss) | 213,100 | 172,368 | 23.63 | 170,895 | 24.696 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 191,386 | 162,244 | 17.961 | 156,609 | 22.206 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 191,386 | 162,244 | 17.961 | 156,609 | 22.206 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 957,923 | 778,030 | 23.121 |
| Gross Profit (Loss) | 543,978 | 438,147 | 24.154 |
| Operational Profit (Loss) | 383,995 | 337,349 | 13.827 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 347,995 | 315,335 | 10.357 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 347,995 | 315,335 | 10.357 |
| Total Shareholders Equity (after Deducting Minority Equity) | 1,701,389 | 1,496,844 | 13.665 |
| Profit (Loss) per Share | 4.35 | 3.94 | |
| 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 | SAL Saudi Logistics Services Company’s revenues for the current quarter amounted to SAR 512.1 million, representing an increase of 30% compared to SAR 393.9 million in the same quarter last year, mainly due to the following: • The 29.3% year-on-year increase in the Cargo Ground Handling Division’s revenue, supported by the rapid recovery in volumes which increased by 9% following the temporary geopolitical disruptions affecting regional airspace and supply chains, together with a more favorable cargo mix during the current quarter compared to the same quarter of last year. • The 34.2% year-on-year increase in the Logistics Division’s revenue, driven by the expanded services and the diversification of the customer portfolio. This is in addition to the increase in utilization in contract logistics and warehouse operations. • As a result of this, the Company’s Operating Profit increased by 23.6% to reach SAR 213.1 million, compared to SAR 172.4 million in the same quarter of 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 | Net profit increased by 18% compared to the same quarter last year, reaching SAR 191.4 million versus SAR 162.2 million. This growth was mainly driven by improved performance and revenue growth across both the Cargo Ground Handling and Logistics divisions. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | SAL Saudi Logistics Services Company’s revenues for the current quarter amounted to SAR 512.1 million, representing a 14.9% increase compared to SAR 445.8 million for the previous quarter. This growth was mainly driven by the continued enhancement of the Company’s service list offering and the increase in the Logistics Division’s revenue. |
| 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 22.2% from the previous quarter, amounting to SAR 191.3 million versus SAR 156.6 million. This increase is primarily driven by improved performance and revenue growth across both the Cargo Ground Handling and Logistics divisions. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | SAL Saudi Logistics Services Company’s revenues for the current period amounted to SAR 957.9 million, representing a 23.1% increase compared to SAR 778 million for the same period last year, mainly due to the following: • The 24.5% increase in the Cargo Ground Handling Division’s revenue, supported by the continued enhancement in the service list offering, and improved quality, in addition to the continued volume increase of 3.4% compared to the same period of last year. • The 15.6% increase in the Logistics Division’s revenue for the period compared to the same period last year, driven by the expanded services and the diversification of the customer portfolio. This is in addition to the increase in utilization in contract logistics and warehouse operations. |
| 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 10.4% this year, reaching SAR 347.9 million versus SAR 315.3 million for the same period last year, and this is mainly driven by improved performance and revenue growth across both the Cargo Ground Handling and Logistics divisions. |
| 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 | Certain comparative figures have been reclassified to conform with the current year’s presentation to these interim condensed consolidated financial statements. |
| Additional Information | For any inquiries or further details, please contact the Investor Relations at (+966 12 6964168 or +966-550120163) or via email at: Investor.Relations@sal.sa |
| Attached Documents | Attached Documents |
