Thimar Development Holding Co. announces its Interim Financial Results for the Period Ending on 2023-03-31 ( Three Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	-	-	-	-	-
Gross Profit (Loss)	-	-	-	-	-
Operational Profit (Loss)	-1,179,427	-1,263,039	-6.62	-4,763,910	-75.24
Net Profit (Loss) after Zakat and Tax	-784,636	2,551,461	-	-5,611,821	-86.02
Total Comprehensive Income	-784,636	34,327,495	-	-5,608,314	-86.01
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)	-99,929,140	-91,891,138	8.75
Profit (Loss) per Share	-0.08	0.26
All figures are in (Actual) Saudi Arabia, Riyals

	Accumulated Losses	Capital	Percentage %
	-234,436,774	100,000,000	234.44
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 income during the current quarter compared to the same quarter of the previous year is due to:

1. Increase of general and administrative expenses.

2. Decrease of other income.The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is The reason for the decrease in the net loss during the current quarter compared to the fourth quarter of 2022 is due to:

1. Decrease in general and administrative expenses.

2. Non-recording of some items of other expenses (provision for contingent liabilities, provision for debit balances - Court of Execution, and provision for expected credit losses)

3. Increase in other income.Statement of the type of external auditor's report Qualified conclusionModification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion External auditor's opinion and basis for Qualified of conclusion (Attached)Reclassification of Comparison Items Certain reclassifications were made in comparative numbers to conform to the current periodAdditional Information The accumulated losses amounted to (234,436,774) Saudi riyals as of 31 March 2023, and their percentage of the capital was (234.44%)Attached Documents

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