Thimar Development Holding Co. announces its Annual Financial Results for the Period Ending on 2019-12-31

Element List	Current Year	Previous Year	%Change
Sales/Revenue	41,887,332	71,052,175	-41.05
Gross Profit (Loss)	444,046	16,883,050	-97.37
Operational Profit (Loss)	-54,912,715	-2,261,663	2,327.98
Net Profit (Loss) after Zakat and Tax	-56,735,008	-4,490,793	1,163.36
Total Comprehensive Income	-56,735,008	-4,490,793	1,163.36
Total Share Holders Equity (after Deducting Minority Equity)	48,067,727	110,922,467	-56.66
Profit (Loss) per Share	-5.67	-0.45
All figures are in (Actual) 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 for increase in net loss during the current year compared to the last year is:

1. Decrease in sales.

2. Provision for expected credit losses.

3. Exclusion losses of projects in progress. Statement of the type of external auditor's report Disclaimer of opinion Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion External auditor's opinion and basis of Disclaimer of conclusion (Attached) Reclassification of Comparison Items Certain reclassification were made in comparative numbers to conform to the current period. Attached Documents

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