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| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 44,861,646 | – | – | 34,292,747 | 30.819 |
| Gross Profit (Loss) | 535,657 | – | – | -1,295,997 | – |
| Operational Profit (Loss) | -6,610,755 | -2,002,245 | 230.167 | -10,738,973 | -38.441 |
| Net profit (Loss) | -5,648,819 | 1,192,811 | – | -12,950,363 | -56.38 |
| Total Comprehensive Income | -5,648,819 | 1,192,811 | – | -16,342,237 | -65.434 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 352,648,648 | 367,048,413 | -3.923 |
| Profit (Loss) per Share | -0.188 | 0.04 | |
| 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 the presence of revenues during the current quarter compared to the absence of revenues during the same quarter of the previous year is due to the start of the activity of the subsidiaries as of the second quarter of the previous year |
| 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 losses for the current quarter compared to achieving profits for the same quarter of the previous year is due to a decrease in banking returns as well as an increase in operating losses for the current quarter compared to the same quarter of the previous year as a result of the requirements for starting operational activities in the subsidiaries. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The reason for the increase in revenues during the current quarter compared to the previous quarter is due to the increase in sales of affiliated companies during the current quarter compared to the previous quarter of the current year. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The decrease in net losses for the current quarter compared to the previous quarter is due to achieving a gross profit for the current quarter compared to a gross loss for the previous quarter, as a result of increased sales. The decrease in losses from operations resulted from lower general and selling expenses during the current quarter compared to the previous quarter, in addition to calculating a zakat of 5 million riyals for the previous quarter compared to 500,000 riyals for the current quarter. |
| 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) | Note 16 attached to the preliminary condensed financial information, regarding the government grant “agricultural land,” states that on August 2, 2022, the company received a decision from the Ministry of Environment, Water and Agriculture issued on June 30, 2022, stating that no deed could be issued in the company’s name, but that it could benefit from the land until Saudi Aramco’s actual need was met. The company was unable to determine a productive life for the agricultural land. We have not drawn any conclusions regarding these matters. |
| Reclassification of Comparison Items | Comparative year figures have not been reclassified to conform to the current period presentation. |
| Additional Information | – |
