Sumou Real Estate Co. announces its Interim Financial Results for the Period Ending on 2023-09-30 ( Nine Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	74,566	59,910	24.46	-	-
Gross Profit (Loss)	34,814	26,144	33.16	-	-
Operational Profit (Loss)	31,980	23,997	33.27	-	-
Net Profit (Loss) after Zakat and Tax	28,634	26,464	8.2	-	-
Total Comprehensive Income	23,438	26,464	-11.43	-	-
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	194,265	215,985	-10.06
Gross Profit (Loss)	90,558	58,368	55.15
Operational Profit (Loss)	82,298	51,386	60.16
Net Profit (Loss) after Zakat and Tax	78,232	71,915	8.78
Total Comprehensive Income	72,097	72,637	-0.74
Total Share Holders Equity (after Deducting Minority Equity)	531,284	489,708	8.49
Profit (Loss) per Share	2.08	1.91
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Explanation
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 for the third quarter of 2023 by 8.2% compared to the same quarter of the previous year is due to the following reasons: -

An increase in the company’s revenues generated from real estate projects and an increase in revenues from real estate project management.The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is As the company was in the parallel market (Nomu), the company issued its semi-annual financial statements for the year 2023 AD, then moved to the main market (TASI) on 7/9/2023 AD. Therefore, there is no comparative figures for the second quarter to compare with the data for the third quarter.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 for the current period ending on September 30, 2023 AD by 8.8% compared to the similar period of the previous year is due to the following reasons: -

An increase in the company's revenues generated from revenues from real estate project management, in addition to a decrease in the costs incurred from construction work.Statement of the type of external auditor's report Unmodified conclusionReclassification of Comparison Items NoneAdditional Information As the company was in the parallel market (Nomu), the company issued its semi-annual financial statements for the year 2023 AD, then moved to the main market (TASI) on 7/9/2023 AD. Therefore, there is no comparative figures for the second quarter to compare with the data for the third quarter.

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