| 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 35% decrease in revenue during the current quarter compared to the same quarter of the previous year is due to a decrease in sales volume in key sectors as a result of a market downturn. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | A loss of 2.6 million riyals was recorded in the current quarter, compared to a loss of 1 million riyals in the same quarter of the previous year. This was due to a 35% decrease in revenue compared to the same quarter of the previous year, the presence of exceptional revenues of 520,000 riyals in the same quarter of the previous year, and an increase in zakat expense. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The 48% decrease in revenue during the current quarter compared to the previous quarter is due to a decrease in sales volume for the main sectors as a result of a noticeable slowdown in the markets after their activity in the second quarter, and it is expected to improve in the coming periods. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | A loss of 2.6 million was achieved in the current quarter compared to a profit of 3 million riyals in the previous quarter due to a decrease in revenues of 48%, and due to an increase in zakat expense of 912 thousand riyals. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | The 17% decrease in revenue in the current period compared to the same period of the previous year is due to a decrease in sales volume in the main sectors as a result of a recession in the markets. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | A loss of 1.5 million riyals was achieved during the current period, compared to a loss of 1.8 million riyals in the same period of the previous year. This is due to an improvement in the profit margin of industrial and commercial products. Despite achieving exceptional revenues of 2.3 million riyals in the same period of the previous year, and a decrease in revenues of 17% compared to the same period of the previous year, and an increase in zakat expense of 962 thousand riyals, the loss decreased by 346 thousand riyals. |
| 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 | Nothing |
| Additional Information | - |