| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | Revenue decreased by 52% in the current quarter compared with the corresponding quarter of the previous year due to a SAR 67 million decline in the real estate development segment following the completion and handover of off-plan sale projects, a SAR 78 million decline in the contracting segment, and a SAR 12.6 million decline in the factories segment as a result of the completion of certain major projects. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | The decrease in net profit is mainly attributable to the continued finance costs and general & administrative expenses, together with lower revenues. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Real estate development revenue increased by SAR 21 million, while contracting revenue decreased by approximately SAR 26 million and factories revenue decreased by approximately SAR 8 million due to the non-commencement of new projects. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The decrease in net profit is mainly attributable to the continued finance costs and general & administrative expenses, together with lower revenues. |
| 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 decrease in revenue was due to a SAR 213 million decline in the real estate development segment, a SAR 68 million decline in the contracting segment, and a SAR 37 million decline in the factories segment, primarily because new projects have not yet commenced. |
| 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 decrease in net profit is mainly attributable to the continued finance costs and general & administrative expenses, together with lower revenues. |
| 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) | NA |
| Reclassification of Comparison Items | Certain comparative figures have been reclassified. |
| Additional Information | - |