| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 0.06 | 7.9 | -99.24 | 0.2 | -70 |
| Gross Profit (Loss) | 0.06 | 0.31 | -80.645 | 0.14 | -57.142 |
| Operational Profit (Loss) | -4.88 | -2.31 | 111.255 | -6.78 | -28.023 |
| Net Profit (Loss) after Zakat and Tax | -4.88 | -264 | -98.151 | -8.15 | -40.122 |
| Total Comprehensive Income | -4.88 | -2.64 | 84.848 | -8.06 | -39.454 |
| 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) | 8.08 | 25.09 | -67.795 |
| Profit (Loss) per Share | -1.12 | -0.41 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Accumulated Losses | Capital | Percentage % | |
|---|---|---|---|
| -14.52 | 21.6 | 67.2 | |
| All figures are in (Millions) 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 | The increase in net loss during the current quarter 2022 compared to the same quarter for the previous year 2021 due to the decrease in sales due to the delay in liquidity received from the increase in the company's capital due to the lack of approval by the Financial Market Authority on the file of capital increase issued on 17-03-2022, as well as a configuration Impairment of other current assets, Administrative and general expenses compared to the same quarter of the previous year 2021 AD, due to the increase in other revenues. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is | The increase in net loss during the current quarter 2022 compared to the previous quarter for the previous year 2021 due to the decrease in sales due to the delay in liquidity received from the increase in the company's capital due to the lack of approval by the Financial Market Authority on the file of capital increase issued on 17-03-2022, as well as a configuration Impairment of other current assets, Administrative and general expenses also increased compared to the previous quarter of 2021 AD, despite the increase in other revenues. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Reclassification of Comparison Items | Nothing |
| Additional Information | - The loss of the stock for the current period for 2022 was calculated on the weighted average number of shares of 4,368,000 shares. |
The loss of the share for the same period in the previous year 2021 was calculated on the weighted average number of shares of 6,480,000 shares.
The average reference for the number of shares was calculated on the basis of the approval of the Extraordinary General Assembly on 15-02-20 22AD on the reduction of the company's capital from sixty-four million and eight hundred thousand riyals (64,800.000 Riyals) to twenty-one million and six hundred thousand riyals (21.6 00,000 riyals) and by 66.66% and write off 4,320,000 shares,
- The company's accumulated losses for the current period ended 31/03/2022 amounted to SR14,515,340, representing 67.20% of the company's capital after the reduction of SR 21,600,000, while the company's accumulated losses for the previous period ended 31/03/2021 were amounts of SR 40,350,499, representing 62.27% of the company's capital before the reduction of SR 64,800,000.
- The company also indicates that it has processed a large part of its accumulated losses by increasing the company's capital from twenty-one million and six hundred thousand riyals (21.6 00,000 riyals) to one hundred ninety four million and four hundred thousand riyals (194.400,000 riyals ), by 800% and offering priority rights shares with 17,280,000 shares, This was approved by the Extraordinary General Assembly (10th) on 11 May 2022.
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