| 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 have increased Year-over-Year for the same comparative period through a combination of organic growth (+3.5%), higher customer footfall and increase average transaction values. Growth was supported by the introduction of new product categories, new store concepts and targeted marketing initiatives. During the period, we expanded our net store estate by +11 and renovated/relocated 8 stores. |
| 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 is in line with that of the previous year, despite the region tensions. This was due to year-over-year sales growth and the expansion of our net store estate (+11). Continued focus on profitable store operations and reinvestment in our core retail and ecommerce estate supported operating profit stability. Our Gross Margin was impacted by 1.5% year-over-year largely due increased freight costs, however we maintained strong control of the full value chain including preserving full product availability. Albeit a reduction, our GM% remained strong and stable at 67.8%. while our sales and marketing operating costs were maintained at approximately 46% of sales. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Sales for the quarter compared to the immediate previous quarter have declined as a direct result of Q2 including the Holy month of Ramadan, which is the biggest sales period in the Retail Sector. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | Net Profit for the quarter compared to the immediate previous quarter have declined as a direct result of Q2 including the Holy month of Ramadan, which is the biggest sales period in the Retail Sector. The quarter continues to be profitable in line with Q3 of the prior year. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | Sales increased during the current period compared to the same period of the previous year, supported by organic growth, higher customer footfall and increased average transaction values. Growth was also supported by the introduction of new product categories, new store concepts and targeted marketing initiatives, together with the expansion of the net store estate by 11 stores and the renovation or relocation of 8 stores. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | The change in net profit during the current period compared to the same period of the previous year was primarily driven by sales growth and the expansion of the net store estate. Continued focus on profitable store operations and reinvestment in the Group’s core retail and ecommerce operations supported operating profit. This was partially offset by pressure on the gross profit margin, mainly due to higher freight costs, while sales and marketing operating costs remained well controlled. |
| 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 to note |
| Reclassification of Comparison Items | Nothing to note |
| Additional Information | Nothing to note |
