Sadr Logistics Co. announces its Interim Financial Results for the Period Ending on 2022-03-31 ( Three Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	19,767	14,876	32.878	21,239	-6.93
Gross Profit (Loss)	3,308	4,414	-25.056	3,656	-9.518
Operational Profit (Loss)	-1,325	1,033	-	727	-
Net Profit (Loss) after Zakat and Tax	-1,828	601	-	81	-
Total Comprehensive Income	-1,828	601	-	81	-
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Share Holders Equity (after Deducting Minority Equity)	181,041	34,948	418.029
Profit (Loss) per Share	-0.1	0.24
All figures are in (Thousands) Saudi Arabia, Riyals

	Accumulated Losses	Capital	Percentage %
	0	175,000,000	0
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Explanation
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 net profit decreased during the current quarter compared to the same quarter of the previous year despite the increase in sales by approximately 33% during the current quarter for the following reasons:-

The cost of sales increased by 57.32% due to the increase in raw material prices and the increase in operating costs.

- Increase in selling and marketing expenses by 67.82% due to an increase in salaries, wages, and transportation and shipping expenses.

- Increase in general and administrative expenses by 58.74% due to the increase in salaries and wages of administrative cadres that were attracted to implement the company's expansion plans.

- Increase in The Zakat provision by 142.48% to increase the capital, and the value of the Zakat provision will gradually decrease as the company progresses in implementing its expansion plans and capital spending.

- Despite the increase in investments and other income.The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is The net profit decreased during the current quarter compared to the previous quarter for the following reasons:-

Sales decreased by 6.93% due to the intensity of competition and market conditions.

- An increase in selling and marketing expenses by 5.34% due to an increase in salaries and wages.

- Increase in general and administrative expenses by 22.58% due to the increase in the salaries and wages of administrative cadres that were attracted to implement the company's expansion plans.

- Increase in the Zakat provision by 85.67% to increase the capital, and the value of the Zakat provision will gradually decrease as the company progresses in implementing its expansion plans and capital spending.

- Despite the increase in investments and lower financing costs.Statement of the type of external auditor's report Unmodified conclusionReclassification of Comparison Items Certain comparative figures have been re-presented and classified to conform to the presentation for the current period.Additional Information The basic and diluted share of profit and loss for the current period and the corresponding period of the previous year was calculated by dividing the net profit or loss for each period after zakat attributable to the company’s shareholders by the weighted average number of ordinary shares outstanding at the end of each period, where the weighted average shares for the current period 17,500,000 shares compared to 2,500,000 shares for the same period of the previous year.

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