| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 2,771 | 2,701 | 2.591 | 2,809 | -1.352 |
| Gross Profit (Loss) | 696 | 732 | -4.918 | 619 | 12.439 |
| Operational Profit (Loss) | 400 | 387 | 3.359 | 370 | 8.108 |
| Net profit (Loss) | 453 | 340 | 33.235 | 353 | 28.328 |
| Total Comprehensive Income | 431 | 349 | 23.495 | 198 | 117.676 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 5,580 | 5,378 | 3.756 |
| Gross Profit (Loss) | 1,315 | 1,338 | -1.718 |
| Operational Profit (Loss) | 770 | 744 | 3.494 |
| Net profit (Loss) | 806 | 643 | 25.349 |
| Total Comprehensive Income | 629 | 569 | 10.544 |
| Total Shareholders Equity (after Deducting Minority Equity) | 3,244 | 2,788 | 16.355 |
| Profit (Loss) per Share | 6.78 | 5.41 | |
| 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 revenues for the current quarter by 2.6% as compared to the corresponding quarter of the previous year was mainly due to the increase in IT Managed and Operational Services by 19.1%, despite the decrease in each of Core ICT Services by 5.3% and Digital Services by 2.9%. |
| 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 for the current quarter by SAR 113 million as compared to the corresponding quarter of the previous year was mainly due to: |
- The increase in revenues by SAR 70 million which was offset by an increase in the cost of revenues by SAR 106 million.
- The decrease in operating expenses by SAR 48 million, as a result of the decrease in each of general and administration expenses by SAR 17 million, and selling and distribution expenses by SAR 31 million.
- The increase in total other income\(expenses) by SAR 72 million mainly due to the booking of net other income in an amount of SAR 71 million.
- The decrease in zakat and tax charge by SAR 31 million.
- The increase in gross profit by SAR 76 million as a result of the decrease in cost of revenues by SAR 114 million which was offset by a decrease in revenues by SAR 38 million.
- The booking of total other income \(expenses) in an amount of SAR 78 million as compared to SAR (20) million mainly due to the booking of net other income in an amount of SAR 71 million.
On the other side, operating expenses increased by SAR 47 million, as a result of the increase in each of general and administration expenses by SAR 12 million, and selling and distribution expenses by SAR 35 million.
Zakat and tax charge also increased by SAR 21 million.
- The increase in revenues by SAR 202 million which was offset by an increase in the cost of revenues by SAR 225 million.
- The decrease in operating expenses by SAR 48 million, as a result of the decrease in each of general and administration expenses by SAR 7 million, and selling and distribution expenses by SAR 41 million.
- The increase in total other income \(expenses) by SAR 58 million mainly due to the booking of net other income in an amount of SAR 26 million.
- The decrease in zakat and tax charge by SAR 79 million.
Basic earnings per share (EPS) was calculated based on the weighted average number of ordinary traded shares which stands at 118,985 (in thousand) shares for the six-months period ended in 30th June 2024.
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