| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|
| Sales/Revenue | 215.34 | 195.49 | 10.153 | 202.33 | 6.43 |
| Gross Profit (Loss) | 64.69 | 67.27 | -3.835 | 67.45 | -4.091 |
| Operational Profit (Loss) | 29.15 | 31.68 | -7.986 | 30.42 | -4.174 |
| Net profit (Loss) | 20.59 | 22.42 | -8.162 | 26 | -20.807 |
| Total Comprehensive Income | 21.37 | 22.07 | -3.171 | 36.04 | -40.704 |
| All figures are in (Millions) Saudi Arabia, Riyals |
| Element List | Current Period | Similar period for previous year | %Change |
|---|
| Sales/Revenue | 646.84 | 614.95 | 5.185 |
| Gross Profit (Loss) | 214 | 183.58 | 16.57 |
| Operational Profit (Loss) | 103.82 | 81.73 | 27.028 |
| Net profit (Loss) | 82.85 | 52.12 | 58.96 |
| Total Comprehensive Income | 83.41 | 51.84 | 60.898 |
| Total Shareholders Equity (after Deducting Minority Equity) | 511.51 | 453.16 | 12.876 |
| Profit (Loss) per Share | 2.24 | 1.41 |
| 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 increase in sales during the current quarter compared to the same quarter of the previous year by 10.2% is mainly due to an increase in paper roll sales, driven by opening new export markets. |
| 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 during the current quarter compared to the same quarter of the previous year by 8.2% is due to higher selling and distribution expenses resulting from increased shipping costs caused by the rise in diesel prices, which affected both operating and net profit. Additionally, the company liquidated its subsidiaries in Jordan as part of its strategy to exit from non-operating companies, which resulted in a recorded loss of SAR 1.1 million. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The increase in sales during the current quarter compared to the previous quarter by 6.4% is due to higher sales of paper rolls and recycled paper. |
| 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 during the current quarter compared to the previous quarter by 20.8% is due to an increase in selling and distribution expenses resulting from higher sales, along with the recording of other income in the previous quarter, which contributed to higher profit in that quarter compared to the current one. Additionally, the company liquidated its subsidiaries in Jordan, which resulted in a recorded loss of SAR 1.1 million . |
| 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 increase in sales during the current period compared to the same period of the previous year by 5.2% is due to higher sales of paper rolls and recycled paper. This has significantly contributed to revenue growth as a result of increased demand for the company’s products. This improvement reflects the company’s strategy in developing sustainable products and meeting the growing market demand in this field. |
| 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 increase in net profit during the current period compared to the same period of the previous year by 59.0% is due to increased sales and reduced production costs, which contributed to improved profit margins for the company. Additionally, financing expenses decreased, and provisions for receivables dropped due to stricter control over sales operations. Conversely, selling and distribution expenses increased slightly, mainly due to the rise in diesel costs. |
| 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 shares outstanding for the current period is 36,954,212 shares (as the total number of shares is 37,070,000 shares, from which the treasury shares of 115,788 shares are deducted). The weighted average number of shares outstanding for the same period of the previous year is 37,070,000 shares.
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