Middle East Specialized Cables Co. announces its Interim Financial results for the Period Ending on 2024-03-31 ( Three Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	291.3	218.6	33.257	262.5	10.971
Gross Profit (Loss)	53.8	35.3	52.407	43.3	24.249
Operational Profit (Loss)	31.4	17	84.705	20.8	50.961
Net profit (Loss)	26	12.4	109.677	10.5	147.619
Total Comprehensive Income	26	12.4	109.677	10.9	138.532
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Share Holders Equity (After Deducting the Minority Equity)	403.6	340.7	18.461
Profit (Loss) per Share	0.65	0.31
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Percentage of the capital (%)	Amount
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value	-	-
Accumulated Losses	7.1	28.2
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 reason for increase in sales volume during current quarter compared to similar quarter of last year is due to the increase in demand in all sectors during the current period, especially in the oil and gas projects sector.
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 reason for increase in net profit during current quarter compared to similar quarter of last year is due to the increase in sales volume and gross margin during 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 increase in sales volume during current quarter compared to last quarter is due the increase in demand in all sectors during the current period, especially in the oil and gas projects sector.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	The reason for increase in net profit during current quarter compared to last quarter is due to the increase in sales volume and gross margin during current quarter.
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)	N/A
Reclassification of Comparison Items	Certain comparative figures have been re-classified to conform to the presentation of the current period.
Additional Information	-

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