Ash-sharqiyah Development Company announces their interim financial results for the period ending on March 31-2021 (three months)

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	-	-	-	-	-
Gross Profit (Loss)	-129,140	-130,575	-1.098	-219,435	-41.148
Operational Profit (Loss)	-517,037	-495,769	4.289	-828,853	-37.62
Net Profit (Loss) after Zakat and Tax	-313,942	-510,141	-38.459	-786,110	-60.063
Total Comprehensive Income	-313,942	-510,141	-38.459	-803,353	-60.921
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Share Holders Equity (after Deducting Minority Equity)	142,690,603	144,733,768	-1.411
Profit (Loss) per Share	-0.04	-0.07
All figures are in (Actual) 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 decrease in net losses during this quarter compared to the same quarter of the previous year is due to the decrease in depreciation expenses of some assets and equipment that the company sold during the first quarter, in addition to the decrease in financing expenses during the first quarter.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is	The reason for the decrease in net losses during the current quarter compared to the previous quarter is due to the following reasons:

Reduction in potential lawsuits expenses during this quarter compared to the previous quarter, as the company formed during the last quarter an additional provision for potential lawsuits, in addition to stopping the depreciation expense calculation for some assets during the current quarter of last year. this year.Statement of the type of external auditor's report Emphasis of matterModification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion We would like to draw attention to Note 1-C about the accompanying interim financial statements related to the issue of the continuity of the company, and as mentioned in Note 1-C, these events or circumstances indicate a fundamental uncertainty, which may cast a large doubt on the company's ability to remain as an entity Ongoing, and our conclusion has not been modified accordinglyReclassification of Comparison Items Certain of the interim financial statement balances have been reclassified for the period ending March 31, 2020 in line with the classification used for the period ending March 31, 2021.

Where the cost of sales appeared in the lists of the first quarter of last year at an amount of 101,540 riyals, and after reclassifying some items of expenses, the cost of sales appeared when comparing the results of the current quarter with the results of the same quarter of previous year 130,575 riyalsAdditional Information We would like to draw attention to Note 1-C about the accompanying interim financial statements related to the issue of the continuity of the company, and as mentioned in Note 1-C, these events or circumstances indicate a fundamental uncertainty, which may cast a large doubt on the company's ability to remain as an entity Ongoing, and our conclusion has not been modified accordingly

Sales for the operating year are zero, due to the lack of any operating revenues during this year, as a result of the continued stoppage of the company's main activities that took place during the year 2018

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