| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) |
3,658
|
1,502
|
143.54
|
-
|
-
|
| Gross profit (loss) |
1,342
|
800
|
67.75
|
-
|
-
|
| Operational profit (loss) |
1,148
|
656
|
75
|
-
|
-
|
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element | Current period | Similar period for previous year | % Change |
|---|---|---|---|
| Net profit (loss) |
2,744
|
845
|
224.73 |
| Gross profit (loss) |
478
|
223
|
114.35 |
| Operational profit (loss) |
130
|
-
|
- |
| Earning or loss per share, Riyals |
0.66
|
0.2
|
- |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element | EXPLAINATION |
|---|---|
| Reasons of increase (decrease) for quarter compared with same quarter last year | The reason for the rise in net profit for the current quarter compared to the same quarter of the previous year, mainly to reverse provisions for receivables subscribers doubtful for 2631 million rials as described in note (16) attached to the financial statements. In addition to the improvement in gross operating profit |
| Reasons of increase (decrease) for period compared with same period last year | The reason for the rise in net profit for the six months of the current year compared to the same period last year, mainly to reverse the provision for doubtful receivables in the amount of 2631 million rials as described in note (16) attached to the financial statements. . In addition to the improvement in gross operating profit |
| Reasons of increase (decrease) for quarter compared with previous quarter | Rise in net profit for the second quarter compared to the previous quarter mainly to reverse the provision for doubtful receivables in the amount of 2631 million rials as described in note (16) attached to the financial statements. . In addition to the improvement in gross operating profit |
| Reclassifications in quarterly financial results | Reclassifications were made in comparative numbers to conform to the current period presentation |
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.