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| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 12,481,846 | – | – | – | – |
| Gross Profit (Loss) | 643,832 | – | – | – | – |
| Operational Profit (Loss) | -2,055,899 | -1,162,590 | 76.837 | -2,002,245 | 2.679 |
| Net profit (Loss) | 1,590,173 | -1,220,049 | – | 1,192,811 | 33.313 |
| Total Comprehensive Income | – | – | – | – | – |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 12,481,846 | – | – |
| Gross Profit (Loss) | 643,832 | – | – |
| Operational Profit (Loss) | -4,058,144 | -1,955,254 | 107.55 |
| Net profit (Loss) | 2,782,984 | -2,032,869 | – |
| Total Comprehensive Income | – | – | – |
| Total Shareholders Equity (after Deducting Minority Equity) | 368,638,586 | 365,855,602 | 0.76 |
| Profit (Loss) per Share | 0.09 | -0.121 | |
| All figures are in (Actual) 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 (Actual) 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 reason for achieving revenues (sales) for the current quarter versus no sales revenue for the same quarter of the previous year is due to the commencement of the commercial activity of Sadu Al Arab Company, which is fully owned by the company, as of the beginning of the last month of the current quarter |
| 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 achieving net profit during the current quarter compared to achieving losses for the same quarter of the previous year is due to the beginning of achieving operating profits from the subsidiary, Sado Al Arab, which is wholly owned by the company, starting from the last month of the current quarter, in addition to the increase in deposit revenues for the current quarter compared to the same quarter of the previous year. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The reason for achieving revenues (sales) during the current quarter compared to the absence of sales revenue during the previous quarter is due to the start of operating the commercial activity of Sadu Al Arab Company, which is fully owned by the company, as of the last month of the current quarter |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The reason for the increase in net profit during the current quarter compared to the previous quarter is due to the presence of operating profits from the subsidiary company that started its commercial activity during the last month of the current quarter |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | The reason for achieving revenues (sales) during the current period versus the absence of sales revenue for the same period of the previous year is due to the start of operating the commercial activity of Sadu Al Arab Company, which is fully owned by the company, as of the last month of the second quarter of the current year. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | The reason for achieving net profit during the current period compared to achieving losses for the same period of the previous year is due to the beginning of achieving operating profits from the subsidiary, Sado Al Arab, which is fully owned by the company, as of the last month of the second quarter of the current year, in addition to the increase in deposit revenues for the current period compared to the same period of the previous year |
| Statement of the type of external auditor’s report | Notice |
| 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) | – Clarification No. 12 attached to the summary preliminary financial information, regarding the government grant “Agricultural Lands”, as on August 2, 2022 AD, the company received the decision of the Ministry of Environment, Water and Agriculture issued on June 30, 2022 AD, which included that an instrument could not be issued in the name of the company, but It can benefit from the land until Saudi Aramco’s actual need is met. Accordingly, the company has reclassified the government grant as intangible assets (government grant) instead of classifying it as property, machinery and equipment because it obtains the right to benefit from agricultural land until the actual need for it is met. Before Saudi Aramco or in the event of release of the reservation on the land or part thereof. The productive age for benefiting from agricultural land has not been determined |
| Reclassification of Comparison Items | Some comparative figures have been reclassified to conform to the current period presentation |
| Additional Information | As stated in Clarification (8) starting from the current period, the commercial operation of the subsidiary company (Sadu Al Arab), owned by the company, has begun and its results have been unified with the results of the Eastern Development Company. |