| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 47,159,762 | 65,601,015 | -28.11 | 41,917,892 | 12.51 |
| Gross Profit (Loss) | 15,249,849 | 23,802,488 | -35.93 | 13,840,587 | 10.18 |
| Operational Profit (Loss) | 11,629,725 | 20,450,317 | -43.13 | 10,014,237 | 16.13 |
| Net Profit (Loss) after Zakat and Tax | 6,779,453 | 14,507,181 | -53.27 | -6,313,086 | – |
| Total Comprehensive Income | 6,773,685 | 14,532,380 | -53.39 | -7,146,283 | – |
| 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) | 768,915,319 | 767,032,792 | 0.24 |
| Profit (Loss) per Share | 0.12 | 0.26 | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Accumulated Losses | Capital | Percentage % | |
|---|---|---|---|
| 0 | 550,000,000 | 0 | |
| 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 of the decrease in net profit during the current quarter of 2023 compared to the same quarter of the previous year and despite the increase in the average selling price, is due to the decrease in the value of sales driven by the decrease in the quantity of sales.
Adding to that, the financial impact of the technical malfunction in one of the components of the cement mill No. (1). Additionally, increase in the cost of sales, also increase the general and administrative expenses for the current quarter compared to the same quarter of the previous year, despite the decrease in selling and marketing expenses, and the financing costs during the current quarter compared to the same quarter of the previous year. |
| 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 main reason of the increase in net profit for the current quarter compared to the previous quarter is due to:
The increase of the value of sales due to increase of the quantity despite the decrease in average selling price.
Adding to that, the other exceptional factors for events during the previous quarter have also contributed to the increase of cost such as the financial penalty by one of the governmental agencies with an amount of 10 million Saudi Riyals which relates to previous years. |
| Statement of the type of external auditor’s report | Unmodified conclusion |
| Reclassification of Comparison Items | N\A |