| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 232,435,960 | 174,761,448 | 33.001 | 208,690,317 | 11.378 |
| Gross Profit (Loss) | 154,914,489 | 119,952,935 | 29.146 | 135,132,182 | 14.639 |
| Operational Profit (Loss) | 34,926,975 | 29,971,050 | 16.535 | 28,724,849 | 21.591 |
| Net profit (Loss) | 30,107,344 | 22,420,783 | 34.283 | 24,327,798 | 23.756 |
| Total Comprehensive Income | 30,060,741 | 21,808,115 | 37.841 | 22,868,693 | 31.449 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 851,271,905 | 691,944,289 | 23.026 |
| Gross Profit (Loss) | 561,019,856 | 466,166,317 | 20.347 |
| Operational Profit (Loss) | 192,068,948 | 159,765,214 | 20.219 |
| Net profit (Loss) | 175,337,842 | 141,926,453 | 23.541 |
| Total Comprehensive Income | 173,731,983 | 142,033,001 | 22.318 |
| Total Shareholders Equity (after Deducting Minority Equity) | 541,920,455 | 444,293,777 | 21.973 |
| Profit (Loss) per Share | 7.01 | 5.68 | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| Accumulated Losses | - | - | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | The company’s revenues increased during the current quarter compared to the same quarter of the previous year by 33%, as revenues reached SAR 232.4 million compared to SAR174.8 million. This growth in revenues is mainly attributable to the increase in the number of branches, the focus on promotional offers outside official seasons (such as the National Day Offer), and the impact of new products. |
| 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 company’s net profit increased during the current quarter compared to the same quarter of the previous year by 34.3%, as the net profit for the current quarter reached SAR 30.1 million, compared to SAR 22.4 million for the corresponding quarter of the previous year. This growth in net profit is mainly attributable to the increase in revenues, supported by controlled spending in operating expenses. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The company’s revenues increased during the current quarter compared to the previous quarter by 11.4%, driven by the strong performance during the National Day season compared to the Hajj season in the previous quarter. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The company's net profit increased in the current quarter compared to the previous quarter by 23.8%, driven by strong performance during the National Day season compared to the Hajj season in the previous quarter. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | The company's revenues increased during the current period compared to the same period last year by 23%, reaching SAR 851.3 million compared to SAR 691.9 million in the same period of the previous year. This growth is attributed to the company's strong performance, driven by the significant impact of the sales mix, wide acceptance of new products and an increase in the number of Branches. |
| 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 company's net profit increased during the current period compared to the same period last year, registering a growth of 23.5%, reaching SAR175.3 million for the current quarter compared to SAR 141.9 million in the same period of the previous year. This growth is attributed to revenue growth supported by controlled spending in operating expenses. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | None |
| Reclassification of Comparison Items | Certain comparative figures have been reclassified to conform with the presentation for the current period. These reclassifications were made to enhance the clarity and consistency of presentation and disclosure in the financial statements. The reclassifications had no impact on the previously reported net profit, total comprehensive income, or shareholders’ equity for the comparative period. |
The main changes are summarized as follows:
Revenues increased by SAR 8,199,944, resulting in total revenues of SAR 691,944,289, compared to SAR 683,744,345 as previously reported.
Cost of revenues increased by SAR 4,836,865, resulting in a total of SAR (225,777,972), compared to SAR (220,941,107) as previously reported.
Selling and marketing expenses decreased by SAR 993,158, resulting in a total of SAR (275,733,832), compared to SAR (276,726,990) as previously reported.
General and administrative expenses decreased by SAR 12,328, resulting in a total of SAR (30,667,271), compared to SAR (30,679,599) as previously reported.
Other income (losses) decreased by SAR 4,368,565, resulting in a total of SAR 809,925, compared to SAR 5,178,490 as previously reported.
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