Halwani Bros. 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	248.5	206.8	20.164	215.9	15.099
Gross Profit (Loss)	72.9	24.1	202.489	67.3	8.32
Operational Profit (Loss)	29.2	-29.8	-	29.8	-2.013
Net profit (Loss)	15.5	-42.5	-	15.3	1.307
Total Comprehensive Income	15.2	-42.6	-	14.8	2.702
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	732	649.1	12.771
Gross Profit (Loss)	219.7	129.3	69.914
Operational Profit (Loss)	85.2	-35	-
Net profit (Loss)	26.3	-70.6	-
Total Comprehensive Income	-33.3	-97.8	-65.95
Total Shareholders Equity (after Deducting Minority Equity)	273.6	335.9	-18.547
Profit (Loss) per Share	0.74	-2
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	-	-
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	The increase in sales during the current quarter compared to the same quarter last year is due to:

1) Higher sales in the Kingdom of Saudi Arabia.

2) Change in sales policies in the Kingdom of Saudi Arabia.

3) Focus on sales geographical expansion by increasing sales channels and restructuring sales function.

4) Increase in export sales at the group level.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 profit during the current quarter compared to the same quarter last year is due to:

1) Higher sales in the Kingdom of Saudi Arabia.

2) Change in sales policies in the Kingdom of Saudi Arabia.

3) Improvement in the sales mix by focusing on higher margin products.

4) Reduction of selling and distribution expenses.

5) Reduction of general and administrative expenses.The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The increase in sales during the current quarter compared to the previous quarter is due to:

1) Higher sales in the Kingdom of Saudi Arabia and its subsidiary in the Arab Republic of Egypt.

2) Focus on sales geographical expansion by increasing sales channels and restructuring sales function.

3) Increase in export sales at the group level.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:

1) Higher sales in the Kingdom of Saudi Arabia and its subsidiary in the Arab Republic of Egypt.

2) Decrease in financing cost through improving the company’s financial efficiency and working capital.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 increase in sales during the current period compared to the same period of the previous year is due to:

1) Higher sales in the Kingdom of Saudi Arabia.

2) Change in sales policies in the Kingdom of Saudi Arabia.

3) Focus on sales geographical expansion by increasing sales channels and restructuring sales function.

4) Increase in export sales at the group level.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 increase in net profit during the current period compared to the same period of the previous year is due to:

1) Higher sales in the Kingdom of Saudi Arabia.

2) Change in sales policies in the Kingdom of Saudi Arabia.

3) Improvement in the sales mix by focusing on higher margin products.

4) Reduction of selling and distribution expenses.

5) Reduction of general and administrative expenses.Statement of the type of external auditor's report Unmodified conclusionComment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) NoneReclassification of Comparison Items The items, elements, and comparative explanations of the interim financial statements have been presented, compiled, and classified to comply with the applied accounting policies for the current period, which were prepared in accordance with the International Financial Reporting Standards (IFRS) adopted in the Kingdom of Saudi Arabia. For further information, please refer to Explanation No. 15 (comparative figures) in the interim financial statements for the period ended September 30, 2024.Additional Information -

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