Tourism Enterprise Co. announces its Interim Financial results for the Period Ending on 2024-03-31 ( Three Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	1,369,707	1,599,967	-14.391	2,615,572	-47.632
Gross Profit (Loss)	-202,365	-662,707	-69.463	-4,567,382	-95.569
Operational Profit (Loss)	-3,059,290	-2,789,780	9.66	-1,951,810	56.741
Net profit (Loss)	6,044,801	2,052,932	194.447	-38,278,523	-
Total Comprehensive Income	6,009,801	2,017,932	197.819	-38,457,322	-
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Share Holders Equity (After Deducting the Minority Equity)	512,509,597	506,499,796	1.186
Profit (Loss) per Share	0.005	0.002
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Percentage of the capital (%)	Amount
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value	-	-
Accumulated Losses	11.87	68,639,754
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 reason for the decrease in sales/revenues during the current quarter compared to the same quarter of the previous year is the decrease in daily accommodation revenues by 14% due to the seasonality of activity during the period.
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 increase in net profit during the current quarter compared to the same quarter of the previous year is due to a decrease in the cost of revenues and an increase in non-operating revenues.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	The reason for the decrease in sales/revenues during the current quarter compared to the previous quarter is due to the decrease in daily accommodation revenues due to the seasonality of activity during the period despite the increase in non-operating revenues.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	The reason for the increase in net profit during the current quarter compared to the previous quarter is due to a decrease in the cost of revenues and an increase in non-operating revenues, in addition to recording an allowance for the decrease in fixed assets during the previous quarter.
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	Some comparative figures for the previous period have been reclassified to be consistent with the nature of presentation for the current period.
Additional Information	-

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