Thoub Al-Aseel Company Announces Interim Financial Consolidated Results For The Period Ended in 30th June 2020 (Six Months)

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	193.84	190.14	1.945	117.46	65.026
Gross Profit (Loss)	74.86	71.66	4.465	42.98	74.174
Operational Profit (Loss)	57.39	52.24	9.858	21.85	162.654
Net Profit (Loss) after Zakat and Tax	52.32	48.34	8.233	17.51	198.8
Total Comprehensive Income	52.04	48.1	8.191	17.56	196.355
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	311.29	291.32	6.855
Gross Profit (Loss)	117.84	111.57	5.619
Operational Profit (Loss)	79.23	72.07	9.934
Net Profit (Loss) after Zakat and Tax	69.84	64.54	8.211
Total Comprehensive Income	69.6	64.49	7.923
Total Share Holders Equity (after Deducting Minority Equity)	560.64	528.53	6.075
Profit (Loss) per Share	2.33	2.15
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 income attributable to the shareholders of the company for the second quarter of 2020, compared to the same quarter of the previous year, is mainly due to:

Growth of 1.95% in sales, as a result of the entry of new products, and the signing of a contract for the supplying of medical supplies. In addition, company efforts to improve the management of expenditures and to better restrain the controllable costs, and taking advantage of government initiatives to mitigate the effects of the COVID-19.Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to The reason for the increase in net income attributable to the shareholders of the company for the second quarter of 2020 compared to the previous quarter, by 198.78% mainly due to an increase in sales of 65.03%, and this is the result of the entry of new products .Increase (Decrease) in Net Profit for Current Period Compared to the Similar Period of the Previous Year is Attributed to The reason for the increase in net profit attributable to the shareholders of the company during the period ending on June 30, 2020 (six months) compared to the same period of the previous year by 8.21% mainly due to: The increase in sales compared to the same period in the previous year, which led to an increase in Gross profit.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, The Consolidated Financial statements for the Six Months ended 30th June 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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