| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 462.47 | 339 | 36.421 | 381.57 | 21.201 |
| Gross Profit (Loss) | 76.65 | 50.29 | 52.415 | 71.05 | 7.881 |
| Operational Profit (Loss) | 44.17 | 27.67 | 59.631 | 42.57 | 3.758 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 32.58 | 19.2 | 69.687 | 32.25 | 1.023 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 19.25 | 26.39 | -27.055 | 40.17 | -52.078 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 558 | 490.6 | 13.738 |
| Profit (Loss) per Share | 0.81 | 0.48 | |
| All figures are in (Millions) 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 (Millions) 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 | The company continues its sales growth momentum during the current quarter, with sales growth of 36.42% compared to the similar quarter of the previous year, as a result of increased demand for the company’s products and the company’s strong presence in sales distribution channels during the current quarter, and the company’s focus to enhance its market share and better meet customer needs. |
| 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 for the current quarter reached SAR 32.58 million, compared to SAR 19.20 million for the similar quarter of the previous year, representing an increase of 69.7%. This increase is attributed to: Sales: Sales increased by 36.42% in the current quarter compared to the similar quarter of the previous year, resulting in a 52.42% increase in gross profit. Selling and Marketing Expenses: Selling and marketing expenses increased by 66.47% in the current quarter compared to the similar quarter of the previous year due to higher expenses related to increased sales volume and value. General and Administrative Expenses: General and administrative expenses increased by 29.64% compared to the similar quarter of the previous year due to higher consulting and salary expenses. Financing Costs: Financing costs increased by 73.14% in the current quarter compared to the similar quarter of the previous year due to increased purchases of raw copper and a rise in the price per ton of copper. Zakat: Zakat expense provisions increased by 1% in the current quarter compared to the similar quarter of the previous year. All the above factors combined contributed to a 69.7% increase in net profit for the current quarter compared to the same quarter of the previous year. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Sales in the current quarter increased by 21.20% compared to the previous quarter as a result of increased demand for the company’s products and the company’s strong presence in sales distribution channels during the current quarter, and the company’s focus to enhance its market share and better meet customer needs. |
| 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 current quarter reached SAR 32.58 million, compared to SAR 32.25 million for the previous quarter, representing an increase of 1.02%. This increase is attributed to: Sales: Sales increased by 21.20% in the current quarter compared to the previous quarter, resulting in a 7.89% increase in gross profit. Selling and Marketing Expenses: Selling and marketing expenses increased by 24.69% in the current quarter compared to the previous quarter due to an increase in both sales volume and value. General and Administrative Expenses: General and administrative expenses increased by 6.42% in the current quarter compared to the previous quarter due to an increase in consulting and salary expenses. Financing Costs: Financing costs increased by 18.44% in the current quarter compared to the previous quarter due to an increase in the volume of raw copper purchases and a rise in the price per ton of copper. Zakat: Zakat provisions for the current quarter decreased by 4.33% compared to the previous quarter, as these provisions are reviewed independently for each period. All of the above factors combined contributed to a 1.02% increase in net profit for the current quarter compared to the previous quarter. |
| 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) | N/A |
| Reclassification of Comparison Items | Certain comparative figures have been re-classified to conform to the presentation of the current period. |
| Additional Information | - |
