| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 1,863,271 | 1,580,925 | 17.859 | ||
| Gross Profit (Loss) | 481,194 | 474,335 | 1.446 | ||
| Operational Profit (Loss) | 74,934 | 65,501 | 14.401 | ||
| Net Profit (Loss) after Zakat and Tax | 38,763 | 10,258 | 277.88 | ||
| Total Comprehensive Income | 37,748 | 8,552 | 341.393 | ||
| Total Share Holders Equity (after Deducting Minority Equity) | 614,809 | 577,061 | 6.541 | ||
| Profit (Loss) per Share | 0.86 | 0.23 | |||
| All figures are in (Thousands) 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 | The reason of increase in the net profit during the current year compared to the previous year is as follows: |
-Increase in revenues for the current year compared to the previous year amounting to SR 282.3 million as a result of the increased demand of customers to buy more food and consumer goods especially during closure period of the Covid 19 pandemic disease during the first half of this year. However, entertainment activity of the company was affected negatively by the closure of the adventure world branches during the Covid 19 pandemic disease and the general decrease of revenue of this activity throughout the year due to the pandemic. The rental activity was also affected, as the company granted discounts to the tenants in closure periods, and the operations of the subsidiary company (Pure Spring Company) was negatively affected during the closure due to COVID 19 in the first half of this year.
-The net of non-operating costs and expenses charged to the profits of the current year amounted to SR 36.2 million compared to SR 55.2 million, which represents the net non-operating costs and expenses charged to the profits of the previous year.
-Decrease in Selling and distribution expenses and general and administrative expenses inclusive of depreciation for the current year compared to the previous year by SR 2.6 million.
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