| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 320.07 | 247.74 | 29.2 | 305.29 | 4.84 |
| Gross Profit (Loss) | 36.27 | 32.63 | 11.15 | 34.12 | 6.3 |
| Operational Profit (Loss) | 25.42 | 20.97 | 21.22 | 24.56 | 3.5 |
| Net Profit (Loss) after Zakat and Tax | 22.93 | 18.93 | 21.13 | 22.45 | 2.14 |
| Total Comprehensive Income | 23.07 | 19.86 | 16.16 | 22.72 | 1.54 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 919.23 | 669.58 | 37.28 |
| Gross Profit (Loss) | 104.84 | 88.51 | 18.45 |
| Operational Profit (Loss) | 74.5 | 56.42 | 32.05 |
| Net Profit (Loss) after Zakat and Tax | 67.54 | 50.68 | 33.27 |
| Total Comprehensive Income | 66.81 | 53.95 | 23.84 |
| Total Share Holders Equity (after Deducting Minority Equity) | 322.38 | 266.97 | 20.75 |
| Profit (Loss) per Share | 4.5 | 3.38 | |
| All figures are in (Millions) 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 increase in net profit for the third quarter of the current year compared to corresponding quarter of the previous year by SAR 4 million represent 21%, is mainly due to: |
• Increase in group revenue for the third quarter of the current year compared to corresponding quarter of the previous year by 29% as the revenues of corporate and individual segments increased by 33% and 21% respectively, as a result of increase in the average number of workforces, which led to increase in gross income by SAR 3.7 million represent 11%.
• Increase in general, administrative and marketing expenses for the third quarter of the current year compared to corresponding quarter of the previous year by SAR 0,4 million representing 3%, mainly due to the increase in certain expenses associated with the increase in the number of workforces whose services are seconded to clients.
• Decrease in the provision for expected credit losses from trade receivables for the third quarter of the current year compared to corresponding quarter of the previous year by SAR 0.5 million as a result of the decrease in the value of overdue trade receivables for period exceeding one year (decrease in the age of debts) during the current quarter compared to the corresponding quarter of the previous year.
• Increase in other revenues for the second quarter of the current year compared to corresponding quarter of the previous year by SAR 0.6 million which is mainly due to gains in investments in financial instruments at fair value through profit or loss and certain other miscellaneous revenue items.
• Increase in revenues during the current quarter compared to the previous quarter of the current year by 5% as a result of increase in number of workforces which resulted in the increase in gross profit by SAR 2 million represent 6%.
• Increase in general, administration and marketing expenses for the current quarter compared to the previous quarter by SAR 0.8 million, representing 8%, mainly due to the increase in certain expenses associated with the increase in the number of workforces whose services are seconded to clients.
• Increase in the provision for expected credit losses for trade receivables for the current quarter compared to the previous quarter by SAR 0.5 million.
• The increase in zakat expense during the current quarter compared to the previous quarter by SAR 0.4 million.
• Increase in revenue during the current nine months period compared to the same period of the last year by 37% as the revenues of the corporate and individual segment increased by 40% and 32% respectively as a result of the increase in average workforce which affected the increase in the gross profit of current period compared to the same period of previous year by SAR 16 million represent 18%.
• The increase in the general, administrative and marketing expenses during the current nine months period as compared to the same period of the previous year by SAR 2,9 million representing 10% due to the increase in certain expenses associated with the increase in the number of workforces whose services are seconded to clients.
• Decrease in the provision for expected credit losses from trade receivables during the current nine months period as compared to the same period of the previous year by SAR 2.8 million as a result of the decrease in the value of overdue trade receivables for period exceeding one year (decrease in the age of debts) during the current period compared to the corresponding period of the previous year.
• Increase in other revenues during the current period as compared to the same period of the previous year by SAR 1.9 million which is mainly due to gains on investments in financial instruments at fair value through profit or loss and certain other miscellaneous revenue items.
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.