Thimar Development Holding Co. announces its Interim Financial Results for the Period Ending on 2020-03-31 ( Three Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	776,479	22,463,528	-96.54	809,494	-4.08
Gross Profit (Loss)	50,415	2,617,773	-98.07	47,105	7.03
Operational Profit (Loss)	-1,940,031	-1,816,748	6.79	-9,994,710	-80.59
Net Profit (Loss) after Zakat and Tax	-1,940,031	-2,181,138	-11.05	-11,259,453	-82.77
Total Comprehensive Income	-1,940,031	-2,181,138	-11.05	-11,259,453	-82.77
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Share Holders Equity (after Deducting Minority Equity)	46,127,696	102,621,597	-55.05
Profit (Loss) per Share	-0.19	-0.22
All figures are in (Actual) Saudi Arabia, Riyals

	Accumulated Losses	Capital	Percentage %
	-56,755,680	100,000,000	-56.76
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	The reason for the decrease in net loss during the current quarter compared to the same quarter of the previous year is due to:

1.Decrease in selling and marketing expenses.

2. Decrease in general and administrative expenses.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 reason for the decrease in the net loss during the current quarter compared to the fourth quarter of 2019 is due to:

1. Recording provision for expected credit losses by SR 7.5 million during the fourth quarter of 2019.

2. Decreased the selling and marketing expenses by SR 1.7 million during the current quarter.

3. Recording a Zakat provision by SR 1.26 million during the fourth quarter of 2019.Statement of the type of external auditor's report Disclaimer of conclusionModification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion External auditor's opinion and basis for 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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