Date: 05/02/2024
| Element List | Current Quarter | Similar Quarter For Previous Year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 75.06 | 86.29 | -13.014 | 89.06 | -15.719 |
| Gross Profit (Loss) | 22.22 | 20.09 | 10.602 | 26.26 | -15.384 |
| Operational Profit (Loss) | 10.21 | 9.13 | 11.829 | 14.1 | -27.588 |
| Net profit (Loss) | 8.54 | 8.01 | 6.616 | 13.05 | -34.559 |
| Total Comprehensive Income | 9 | 7.3 | 23.287 | 12.19 | -26.168 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar Period For Previous Year | %Change |
|---|---|---|---|
| Sales/Revenue | 214 | 251 | -14.741 |
| Gross Profit (Loss) | 62.19 | 63.6 | -2.216 |
| Operational Profit (Loss) | 27.68 | 29.24 | -5.335 |
| Net profit (Loss) | 24.29 | 25.14 | -3.381 |
| Total Comprehensive Income | 23.98 | 23.15 | 3.585 |
| Total Share Holders Equity (After Deducting the Minority Equity) | 236.8 | 250.85 | -5.6 |
| Profit (Loss) per Share | 1.21 | 1.25 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Percentage Of The Capital (%) | Amount | |
|---|---|---|---|
| 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 | Sales decreased in the current quarter compared to the same quarter last year by 13.01%, mainly due to a decrease in ink sector sales caused by the cancellation of the HP brand distribution agreement. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | Net profit increased in the current quarter compared to the same quarter of the previous year by 6.62%. This is due to
1- increase in rent income in the current quarter. 2- Gross profit increased by 10.60% in the current quarter due to a change in the sales mix in which the sales of low-margin inks declined and were replaced with high-margin items. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Sales decreased by 15.72% in the current quarter compared to the previous quarter. This is due to the nature of seasonal demand during the previous quarter. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | Net profit decreased in the current quarter compared to the previous quarter by 34.56% due to Sales decrease by 15.72% in the current quarter because of the nature of seasonal demand and increase in financing costs in 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 | Sales decreased in the current period compared to the same period last year by 14.74%, mainly due to a decrease in sales in the ink sector caused by the cancellation of the HP brand ink distribution agreement. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | Net profit decreased during the current period compared to the same period last year by 3.38%, due to a decrease in sales of 14.74% in the current period caused by the decrease in sales of the ink. |
| Statement of the type of external auditor’s report | Unmodified conclusion |
| 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) | None |
| Reclassification of Comparison Items | None |
| Additional Information | None |
