| 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 Company achieved net profit of SR 81m vs. SR 34.7m for same Quarter last year, achieving growth of 133.7%, as Q1 2021 revenues grew by 10.8% vs. same quarter last year, That was due to sales increase across company's divisions, in addition to increase in eXtra Services revenues and consumer finance services revenues through United Company for Financial Services. This led to grow of company's gross profit by 18.6% to register a gross profit of SR 261.9m vs. SR220.8m for same quarter last year, to register a gross margin of 19.2% for Q1 2021 vs. 17.9% for same quarter last year, in addition to decline in SG&A by 1.74% vs. same Quarter last year. SG&A register 12% of the revenue vs. 13.8% of revenue for Same quarter last year. It's worth noting that United Company for Financial Services achieved net profit of SR 20.2m vs. losses of SR 4m for same quarter last year. |
| 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 company achieved net profit of SR 81m vs. SR 101.6m for last Quarter due to higher sales of last Quarter resulted from the Annual Mega Sale festival held by the company in Q4 2020, which led to increase both gross profit and net profit |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion | These estimated financial results for the period ended 31 Mar 2021 are prepared by the management of the Company and these results are not reviewed by the external auditors |
| Reclassification of Comparison Items | None |
| Additional Information | Earning per Share for the previous year has been modified after approval of capital increase which has been approved on 5th of May 2020 in the extraordinary General Assembly meeting. |