Tourism Enterprise Co. announces its Interim Financial results for the Period Ending on 2024-06-30 ( Six Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	2,835,389	2,946,395	-3.767	1,369,707	107.006
Gross Profit (Loss)	956,234	-599,846	-	-202,365	-
Operational Profit (Loss)	-3,171,466	-3,200,349	-0.902	-3,059,290	3.666
Net profit (Loss)	874,117	1,013,344	-13.739	6,044,801	-85.539
Total Comprehensive Income	839,117	983,344	-14.666	6,009,801	-86.037
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	4,205,095	4,680,573	-10.158
Gross Profit (Loss)	527,714	-1,048,786	-
Operational Profit (Loss)	-6,230,758	-5,855,917	6.401
Net profit (Loss)	6,918,916	3,066,276	125.645
Total Comprehensive Income	6,848,916	3,001,276	128.2
Total Shareholders Equity (after Deducting Minority Equity)	513,348,712	553,811,125	-7.306
Profit (Loss) per Share	0.006	0.003
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	67,800,639	11.72
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 revenues during the current quarter compared to the same quarter of the previous year by 3% is due to the re-pricing of some services.
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 profit during the current quarter compared to the same quarter of the previous year is due to an increase in the zakat provision and the claims provision.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	The reason for the increase in revenues during the current quarter compared to the previous quarter is due to the increase in rental 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 decrease in net profit during the current quarter compared to the previous quarter is due to an increase in the Zakat provision by a total of 4,155,630 riyals.
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 reason for the decrease in revenues during the current period compared to the same period of the previous year is a slight decrease of 10% in revenues from services and facilities.
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 reason for the increase in net profit during the current period compared to the same period of the previous year is due to the increase in non-operating revenues and the decrease in the cost of revenues despite the increase in the zakat provision.
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 for the prior period have been reclassified to conform to the presentation in the current period.
Additional Information	-

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