Etihad Atheeb Telecommunication Co. (GO) announces its Interim Financial Results for the Period Ending on 30-06-2023 (Three Months)

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	206.33	140.48	46.88	177.82	16.03
Gross Profit (Loss)	70.66	37.54	88.22	56.28	25.55
Operational Profit (Loss)	35.81	3.2	1,019.06	32	11.91
Net Profit (Loss) after Zakat and Tax	52.6	-1.67	-	29.51	78.24
Total Comprehensive Income	52.6	-1.67	-	29.12	80.63
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Share Holders Equity (after Deducting Minority Equity)	168.68	72.33	133.21
Profit (Loss) per Share	5.84	-0.19
All figures are in (Millions) 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 increase in net profit is due to the increase in revenue and generate finance income (Additional Information), decrease in selling and marketing expense and allowance for impairment in trade receivables. In spite of increase in the cost of services, general and administration expenses, and decrease in other income.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is	The increase in net profit is due to the increase in revenue and generate finance income (Additional Information), decrease in selling and marketing expense and general and administration expenses. In spite of increase in the cost of services, allowance for impairment in trade receivables, and decrease in other income.
Statement of the type of external auditor's report	Unmodified conclusion
Reclassification of Comparison Items	The financial statements of the current quarter have been prepared in accordance with the International Financial Reporting Standards (IFRS) adopted in Kingdom of Saudi Arabia and Other accredited by the Saudi Organization for Chartered and Professional Accountants (SOCPA). The financial statements for the comparative quarter have been represented, reclassified and categorized in accordance with the accounting policies applied in the presentation, classification and classification of the financial statements for the current quarter.
Additional Information	On May 10, 2023, the Company signed an agreement with the CST to reschedule a liability of SAR 63.88 million to be paid over 7 years of SAR 9.13 million each year starting from April 1, 2025, the Company generated finance income amounted SR 21.7 million

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