Baazeem Trading Co. announces its Interim Financial Results for the Period Ending on 2021-06-30 ( Six Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	59,376,280	71,750,320	-17.245	79,837,283	-25.628
Gross Profit (Loss)	25,178,200	27,833,418	-9.539	29,089,280	-13.445
Operational Profit (Loss)	6,011,637	8,297,316	-27.547	11,310,549	-46.849
Net Profit (Loss) after Zakat and Tax	4,906,681	6,587,761	-25.518	9,784,092	-49.85
Total Comprehensive Income	4,906,681	6,587,761	-25.518	9,784,092	-49.85
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	139,213,563	152,614,941	-8.781
Gross Profit (Loss)	54,267,480	58,884,670	-7.841
Operational Profit (Loss)	17,322,186	18,914,977	-8.42
Net Profit (Loss) after Zakat and Tax	14,690,773	15,494,396	-5.186
Total Comprehensive Income	14,690,773	15,494,396	-5.186
Total Share Holders Equity (after Deducting Minority Equity)	188,176,046	180,432,774	4.291
Profit (Loss) per Share	1.45	1.53
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	Baazeem trading net profit for the second quarter 2021 ending on 30 June reached 4,906,681 SAR compared to 6,587,761 SAR in the Second quarter of 2020. The decrease in net profit is driven by the reduction in the company sales by -17.25%.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is	Baazeem trading net profit for the second quarter 2021 ending on 30 June reached 4,906,681 SAR compared to 9,784,092 SAR in the first quarter of 2021. The decrease in net profit is driven by the revenue growth in the first quarter sales due to Ramadan Season.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	The net profit in the current period of 2021 decreased by -5.19%, reaching 14,690,773 SAR compared to 15,494,396 SAR in same period last year 2020. The decrease was driven by the reduction in the company sales by -8.78%.
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	Emphasis of matter

We refer to note no. (4) in respect of the data of the Group (Investment in the State of Qatar) which registered in the name of one of the major shareholders (Chairman of the Board of Directors) since 2008. This is approved in the minutes of the board of directors and the minutes of the general assemblyReclassification of Comparison Items Items, elements and notes of the comparatives Consolidated Financial Statements have been re-displayed, regrouped and reclassified to meet with the applied accounting policies for the current period, which have been prepared according to the International Financial Reporting Standards (IFRS) that were endorsed in the Kingdom of Saudi Arabia. Certain comparative amounts have been reclassified to conform to the current year’s presentation.Additional Information 1- There are no new standards that have been issued, however, a few amendments to the standards are effective from January 1, 2020, which have been explained in the annual consolidated financial statements of the Group, but do not have a material impact on the interim condensed consolidated financial statements of the Group.

2- Company net sales in the second quarter for the financial year 2021 reached 59,376,280 SAR compared to 71,750,320 SAR in the second quarter of 2020, declining by -17.25%.

3- The net profit in the second quarter of 2021 decreased by -49.85%, reaching 4,906,681 SAR compared to 9,784,092 SAR in first quarter of 2021. The decrease was driven by the revenue decline in quarter two compared to the first quarter due to Ramadan Season.

4- On the same time, the net profit of the second quarter 2021 posted decrease of -25.52% reaching 4,9064,681 SAR compared to same quarter in 2020 which was 6,587,761 SAR.

5- Company net sales in the current period ending on 30-6-2021 reached 139,213,563 SAR compared to 152,614,941 SAR in the same period ending on 30-6-2020, declining by -8.78%.

6- The net profit in the current period ending on 30-6-2021 decreased by -5.19%, reaching 14,690,773 SAR compared to 15,494,396 SAR in same period last year 2020.

7- The total shareholder's equity increased by 4.29%, reaching 188,176,046 SAR on 30/6/2021 compared to 180,432,774 SAR on 30/6/2020, with no minority rights.

8- The earning by share on the current period ending on 30-6-2021 decreased by -5.23% reaching 1.45 compared to 1.53 on the same period ending on 30-6-2020. Worth mentioning that the total number company shares is 10,125,000 shares.

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