Thoub Al-Aseel Company announces interim financial consolidated results for the period ending on March 31, 2020 (Three months)

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	117.46	101.18	16.09	106.25	10.55
Gross Profit (Loss)	42.98	39.91	7.692	39.98	7.503
Operational Profit (Loss)	21.85	19.83	10.186	14.59	49.76
Net Profit (Loss) after Zakat and Tax	17.51	16.2	8.086	10.62	64.877
Total Comprehensive Income	17.56	16.39	7.138	10.84	61.992
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Share Holders Equity (after Deducting Minority Equity)	508.59	524.39	-3.013
Profit (Loss) per Share	0.58	0.54
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Explanation
Increase (Decrease) in Net Profit for Current Quarter Compared to the Same Quarter of the Previous Year is Attributed to	The increase in the net profit for the first quarter of 2020 compared to the same quarter of the previous year, is mainly due to:

Sales growth of 16.09%, due to the high demand for the company's products and company's efforts to stimulate sales by strengthening and diversifying sales channels, expanding the customer base with the improvement of E commerce salesIncrease (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to The reason for the 64.84% increase in net for the first quarter of 2020 compared to the previous quarter, is mainly due to an increase of 10.55% in sales, where the company's activities are characterized by seasonality.

We would also like to draw attention to the inaccuracy of quarterly results as an indication of the results for the whole year, especially when comparing the results of the quarter with the previous quarter, due to different demands by season.Basis of the External Auditor's Opinion Unmodified opinionReclassification of Comparison Items some items in the comparison data have been reclassified and adjusted to conform with the current period.Additional Information We would like to draw the attention of our valued shareholders, that the consolidated financial statements for the first quarter 2020 will be available on the investor relations app for Al-Aseel Smart Phones and Tablets, and through the company's website at the following link http://www.alaseel.com.sa/investor, after sending it to the competent authorities

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