| 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 decrease in revenues during the current quarter compared to the same quarter of the previous year is due to the redistribution of commercial activities |
| 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 the decrease in the loss during the current quarter compared to the same quarter of the previous year is due to the decrease in general and administrative expenses and the refund of the provision for expected credit losses |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is |
The reason for the decrease in revenues during the current quarter compared to the previous quarter is due to the redistribution of commercial activities |
| 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 the loss during the current quarter compared to the previous quarter is due to the fluctuation in the prices of raw materials, the presence of demurrage penalties resulting from global logistics conditions, also Destination has been changed in one of the Contract as well as the formation of a provision for expected credit losses and a decrease in unrealized profits from investments at fair value compared to the previous 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 the increase in revenues during the current period compared to the same period of the previous year is due to new trading with new customers |
| 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 the increase in the loss for the current period compared to the same period of the previous year is due to the decrease in realized and unrealized profits from investments at fair value, as well as the decrease in the returns on bank deposits, in addition to the formation of a provision for zakat despite the decrease in administrative and general expenses. |
| 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 |
Comparative figures have been reclassified in the financial statements |
| Additional Information |
- Earnings per share for the current period of 2024 was calculated on the weighted average number of shares of 194,400,000 shares. The loss per share for the same period of the previous year 2023 was calculated on the weighted average number of shares of 194,400,000 shares. - The company indicates that its accumulated losses reached 32.34% of the capital: the accumulated losses are as at 30/09/2024 according to the financial statements as at 30/09/2024. An amount of SAR 62.87 million, representing 32.34% of the company's capital of SAR 194.40 million. The main reasons for these accumulated losses are due to the decrease in demand and profit margin on the company's main products. The company will apply the procedures and instructions issued by the Capital Market Authority regarding companies whose shares are listed on the Saudi Stock Exchange and whose accumulated losses amounted to 20% or more of their capital |
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