4310 · 14/05/2025 15:33:14 · Announcement #87366 · View on Saudi Exchange

Knowledge Economic City announces its Interim Financial results for the Period Ended on 2025-03-31 ( Three Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 50,9987,518578.345112,837-54.803
Gross Profit (Loss) 9,7792,489292.88860,298-83.782
Operational Profit (Loss) -14,991-12,85116.65228,260-
Net profit (Loss) -17,260-13,58227.07926,664-
Total Comprehensive Income -20,897-2,837636.58732,913-
All figures are in (Thousands) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Total Shareholders Equity (after Deducting Minority Equity) 2,968,8443,000,632-1.059
Profit (Loss) per Share -0.051-0.04
All figures are in (Thousands) Saudi Arabia, Riyals
Element ListAmountPercentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value --
Accumulated Losses -423,497-12
All figures are in (Thousands) Saudi Arabia, Riyals
Element ListExplanation
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 sales have increased during the current quarter as compared to the same quarter of the last year. This is mainly due to selling residential units from one of the company's new residential projects.
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 increase in net loss, during the current quarter as compared to the same quarter of the last year, has resulted mainly from the increased operation as compared to the same quarter of the last year.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is During the current quarter, sales have decreased compared with the last quarter, this is mainly resulted from decrease in sales of residential units during current quarter as compared to the last quarter, where most of the units were sold during the last quarter. Moreover, there were no land sales during this quarter compared with last quarter.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The increase of net loss during the current quarter as compared to the last quarter is mainly resulted from decrease in sales of residential units and the fact that there was no land sales during this 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 None
Additional Information -

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