Tourism Enterprise Co. announces its Interim Financial results for the Period Ending on 2024-09-30 ( Nine Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	2,114,761	2,310,503	-8.471	2,835,387	-25.415
Gross Profit (Loss)	218,915	-1,164,658	-	956,235	-77.106
Operational Profit (Loss)	-2,971,702	-4,628,562	-35.796	-3,171,466	-6.298
Net profit (Loss)	1,224,373	2,851,477	-57.061	874,117	40.069
Total Comprehensive Income	1,189,373	2,851,477	-58.289	839,117	41.741
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	6,319,856	6,871,889	-8.033
Gross Profit (Loss)	746,629	-3,043,652	-
Operational Profit (Loss)	-9,202,460	-10,603,667	-13.214
Net profit (Loss)	8,143,289	5,917,751	37.607
Total Comprehensive Income	8,038,289	5,852,751	37.342
Total Shareholders Equity (after Deducting Minority Equity)	514,538,085	556,662,600	-7.567
Profit (Loss) per Share	0.007	0.005
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	66,611,266	11.52
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 is due to a slight decrease of 8% resulting from the re-pricing of some services provided to customers and visitors.
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 decrease in revenues during the current quarter compared to the previous quarter is due to the seasonality of the activity and the concentration of holidays 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 increase in net profit during the current quarter compared to the previous quarter is due to a decrease in general, administrative, selling and marketing expenses and a decrease in allowances.
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 due to a decrease in service revenues and other fees.
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 decrease in operating expenses and the provision for doubtful debts, in addition to the increase in non-operating revenues.
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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