Al-Jouf Agricultural Development Co. announces its Interim Financial results for the Period Ending on 30-09-2024 ( Nine Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	147,045	149,573	-1.69	113,087	30.028
Gross Profit (Loss)	44,660	43,040	3.763	38,830	15.014
Operational Profit (Loss)	20,402	21,429	-4.792	17,090	19.379
Net profit (Loss)	18,645	20,716	-9.997	15,565	19.787
Total Comprehensive Income	18,645	20,716	-9.997	15,565	19.787
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	420,599	311,916	34.843
Gross Profit (Loss)	143,573	99,829	43.818
Operational Profit (Loss)	74,772	47,762	56.551
Net profit (Loss)	67,132	45,486	47.588
Total Comprehensive Income	67,132	45,486	47.588
Total Shareholders Equity (after Deducting Minority Equity)	748,232	698,023	7.193
Profit (Loss) per Share	2.42	1.52
All figures are in (Thousands) 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 (Thousands) 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	Decrease in sales for current quarter 2024 compared to the same quarter 2023 mainly due to the decrease in agricultural sales segment as a result of the delay in wheat sales, despite the increase in sales of French fries after the start of commercial operation of the new French fries’ factory in December of last year 2023.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	Decrease in net profit for current quarter 2024 compared to the same quarter 2023 is due to the decrease in agricultural sales as a result of the delay in wheat sales, as well as the non-recurring profits in the same quarter of the previous year by approximately 3M SAR.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	Increase in sales for current quarter 2024 compared to the previous quarter 2024 is due to the increase in quantities sold from industrial segment.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	Increase in net profit for current quarter 2024 compared to the previous quarter 2024 is due to the increase in sales of 34M SAR.
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is	Increase in sales for current period 2024 compared to the same period 2023 is due to the increase in quantities sold from company's products, especially the sales of French fries after the start of commercial operation of the new French fries’ factory in December of last year 2023, despite the decrease in agricultural segment during the current period.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	Increase in net profit for current period 2024 compared to the same period 2023 is due to the increase in sales of 109M SAR.
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	Certain comparative figures for the previous period have been reclassified to conform to the way they are presented for the current period.
Additional Information	-

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