| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|
| Sales/Revenue | 202.33 | 202.18 | 0.074 | 229.18 | -11.715 |
| Gross Profit (Loss) | 67.45 | 64.13 | 5.176 | 81.86 | -17.603 |
| Operational Profit (Loss) | 30.42 | 31.35 | -2.966 | 44.25 | -31.254 |
| Net profit (Loss) | 26 | 21.15 | 22.931 | 36.25 | -28.275 |
| Total Comprehensive Income | 26.01 | 21.13 | 23.095 | 36.04 | -27.83 |
| All figures are in (Millions) Saudi Arabia, Riyals |
| Element List | Current Period | Similar period for previous year | %Change |
|---|
| Sales/Revenue | 431.5 | 419.46 | 2.87 |
| Gross Profit (Loss) | 149.31 | 116.31 | 28.372 |
| Operational Profit (Loss) | 74.67 | 50.05 | 49.19 |
| Net profit (Loss) | 62.25 | 29.69 | 109.666 |
| Total Comprehensive Income | 62.04 | 29.78 | 108.327 |
| Total Shareholders Equity (after Deducting Minority Equity) | 517.85 | 431.1 | 20.122 |
| Profit (Loss) per Share | 1.68 | 0.8 |
| 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 | - | - |
| Accumulated Losses | - | - |
| 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 has maintained its revenue growth during the current quarter compared to the same quarter of the previous year. The company's operational performance continues to improve, enabling it to maintain growth momentum and implement strategies 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 | The increase in net profit during the current quarter compared to the same quarter of the last year by 23% is due to attributed to improved profitability. The company secured an agreement to purchase raw materials at costs that maintain the planned profit margins, leading to a decrease in inventory costs and providing protection from fluctuations in global market prices. Tightening control over sales operations resulted in a decrease in provisions for accounts receivable, while financing expenses decreased after paying off part of long-term loans and increasing other revenues. These interrelated factors have strengthened the company's financial position and led to positive results during the current quarter. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The reason for the decrease in sales during this current quarter compared to the previous quarter by 11.7% is mainly due to lower sales volume because of official holidays, and major customers not receiving shipments during this period. These factors led to a decrease in the company's sales volume for current quarter. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The reason for the decrease in the company's net profit during the current quarter compared to the previous quarter is due to the decrease in sales, which resulted in a decrease in gross and net profit. |
| 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 reason for the increase in sales during the current period compared to the same period of the last year by 2.9% is due to the increase in sales as a result of the increased demand for paper rolls, as well as the improvement in sales of recycled paper for a subsidiary. |
| 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 company's net profit increased by 109.6% compared to the same period last year because of higher sales and improved profit margins. Sales increased significantly, which boosted the company's overall profit margins. The company also secured an agreement to procure raw materials at costs that maintain planned profit margins, helping to create a strategic inventory and reduce fluctuations in global market prices and shipping rates. The gross profit margin for the current period stood at 34.6% compared to 27.7% for the same period last year. Additionally, provisions for accounts receivable decreased due to tighter control over sales operations, and financing expenses decreased after paying off part of long-term loans and increasing the company's other revenues. These factors contributed to the increase in the company's net profit for the current period compared to the same period of the last year. |
| 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 |
| Reclassification of Comparison Items | Nothing |
| Additional Information | Basic earnings per share is calculated by dividing the net profit attributable to ordinary shareholders of the Company by the weighted average number of ordinary shares outstanding during the period. |
The weighted average number of outstanding shares for the current period is 36,954,212 shares, after deducting the impact of the 115,788 treasury shares held from the total outstanding shares of 37,070,000 shares. The weighted average number of outstanding shares for the same period of the last year is 37,070,000 shares.
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