| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 6,031.07 | 5,833.63 | 3.38 | ||
| Gross Profit (Loss) | 1,265.06 | 1,183.65 | 6.88 | ||
| Operational Profit (Loss) | 484.15 | 452.83 | 6.92 | ||
| Net Profit (Loss) after Zakat and Tax | 440.17 | 396.83 | 10.92 | ||
| Total Comprehensive Income | 440.31 | 398 | 10.63 | ||
| Total Share Holders Equity (after Deducting Minority Equity) | 1,139.3 | 992.56 | 14.78 | ||
| Profit (Loss) per Share | 5.5 | 4.96 | |||
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | Net profit totaled SR 440.2m, the highest in its history vs. SR 396.8m for last year, as the Company's revenue grew by 3.4% vs. last year. However, supported by higher consumer finance and eXtra services revenues, the gross profit grew by 6.9% to register SR 1,265.1m vs. SR 1,183.7m, which impacted the Company's net profit growth by 10.9% vs. last year, despite of year on year increase in Selling, General, and Administrative Expenses. it's worth noting that United Company for Financial Services achieved net profit growth of 50.4% to register a net profit of SR 193.6m vs. SR 128.7m for last year. |
| Statement of the type of external auditor's report | Unmodified opinion |
| Reclassification of Comparison Items | Some comparative figures have been reclassified to be consistent with the presentation of the current period |
| Additional Information | The Company's EPS has been adjusted after the capital increase, which has been approved by the extraordinary general assembly held on 5th of Oct-2022 |
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