| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 2,666.7 | 2,639 | 1.049 | 2,650 | 0.63 |
| Gross Profit (Loss) | 414.6 | 384.4 | 7.856 | 262.5 | 57.942 |
| Operational Profit (Loss) | 331.9 | 316.1 | 4.998 | 189 | 75.608 |
| Net profit (Loss) | 308.2 | 296.3 | 4.016 | 171.1 | 80.128 |
| Total Comprehensive Income | 308.1 | 295.1 | 4.405 | 169.2 | 82.092 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 7,966.5 | 7,792.4 | 2.234 |
| Gross Profit (Loss) | 971.7 | 947.7 | 2.532 |
| Operational Profit (Loss) | 758.5 | 755.4 | 0.41 |
| Net profit (Loss) | 698.6 | 699.9 | -0.185 |
| Total Comprehensive Income | 691.5 | 688.2 | 0.479 |
| Total Shareholders Equity (after Deducting Minority Equity) | 1,779.1 | 1,799.8 | -1.15 |
| Profit (Loss) per Share | 0.58 | 0.58 | |
| All figures are in (Millions) 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 (Millions) 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 | Reasons for increase |
- Increase in total sales by 1% compared to the same quarter of the previous year is mainly due to the increase in sales of the computers and tablets section and the smart phones section.
- Despite the increase in sales of only 1%, the growth of gross profit amounted to 7.9%, which is mainly due to the relative improvement in profit margin on smart phones as a result of the discounts received from vendors.
- Increase of other income.
- Despite the growth in gross profit at 7.9%, the net profit achieved an increase of 4%, affected by the increase in selling and marketing expenses, general and administrative expenses, and non-operating expenses.
- Increase in total sales by 0.6% compared to the previous quarter of the current year is mainly driven by the increase in sales of the computers and tablets, school and office supplies, and computer supplies sections. Although the total increase in these sections was relatively high, but the impact of this increase was largely offset by the decline in smartphone sales compared to the previous quarter of the current year which witnessed relatively significant promotions.
- Despite the slight increase in sales by only 0.6%, the growth in gross profit amounted to 57.9%, which is mainly due to the favorable change in the sales mix in favor of the sections involving relatively higher profitability, such as the school and office supplies sections, and also due to the relative improvement in the profit margin of smart phones as a result of discounts received from vendors.
- Despite the increase in each of selling and marketing expenses, general and administrative expenses, and non-operating expenses, the percentage of increase in these expenses is much less than the increase in gross profit, which led to an increase in net profit by a greater percentage than the increase in gross profit.
- Increase of other income.
- Increase of total sales by 2.2% is mainly due to the increase in sales of the smart phones section and the computers and tablets section.
- Although gross profit increased by 2.5%, which is higher than the percentage of increase in sales due to the relative improvement in the profit margin of smart phones as a result of the discounts received from vendors, and although other income increased, but the net profit slightly declined at 0.2%, affected by the increase in selling and marketing expenses, general and administrative expenses, and non-operating expenses.
Earnings per share for all presented periods are calculated based on the number of shares of the company amounting to 1,200 million shares after splitting each share into ten shares as decided by the extraordinary general assembly held on May 30, 2023.
The company adopts the cost model for measurement of investment properties.
Two new showrooms were opened during this period on 25/7/2024 in Al Arid district, Abu Bakr Al Siddiq Road in Riyadh and on 16/9/2024 in Doha Mall in the State of Qatar.
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.