| 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 |
In the current quarter, the company reported a 9.8% decrease in overall sales, primarily due to reduced wholesale sector sales , thats becouse, the company rediredted its strategic to be focus on retail expansion, which included the acquisition of branches in the Hail and Eastern Regions, along with the consumer sales agency in Riyadh. As a result of these efforts, retail sales increased by 8.8%, complemented by a 5.6% increase in logistics and transportation services. |
| 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 decrease reason is due to sales decreased and expenses incresed cused by financial impact of entring into the poultry sector, and costs related to excuite its branch expansion strategy. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is |
The company achieved 9% increase in revenue in the current quarter compared to the previous quarter of this year. This growth reason due to increase in retail sales table egg sector sales , and logistic transportation revenue. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is |
Despite an increase in operating profit in the current quarter compared to the previous quarter, net profit decreased by 8.5%. This decline was primarily due to several non-operational factors, including reduced the capital gains from asset sales , as well as previously disclosed sale of the Riyadh factory land and the decrease in Time deposit revenue. |
| 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 company’s revenue for the current period decreased by 8.3% primarily due to a decline in wholesale sales. , in same time company focused on retail expansion strategy which cause an 33% growth in retails sector. |
| 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 in the current period compared to the same period last year, impacted by several key factors. The most significant was the company’s strategic entry into the table egg production sector as part of company aims to revenue diversification , Additionally increased selling and distribution expenses related to branch expansion, a decrease in other revenue streams, and formed provision for doubtful receivables further contributed to the decrease in net profit. |
| 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) |
not applicable |
| Reclassification of Comparison Items |
Certain comparative figures have been reclassified to align with the current period’s financial statement presentation. Transportation revenue services have been reclassified under core activity revenues, rather than other income, with a corresponding adjustment to the cost of sales to accurately match these revenues with their associated costs. |
| Additional Information |
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