| ELEMENT LIST | CURRENT QUARTER | SIMILAR QUARTER FOR PREVIOUS YEAR | %CHANGE | PREVIOUS QUARTER | % CHANGE |
|---|---|---|---|---|---|
| Sales/Revenue | 34,561,599 | 21,570,430 | 60.226 | 12,279,517 | 181.457 |
| Gross Profit (Loss) | 13,141,143 | 6,100,849 | 115.398 | 811,393 | 1,519.578 |
| Operational Profit (Loss) | 7,123,942 | 499,574 | 1,326.003 | -5,715,769 | – |
| Net Profit (Loss) after Zakat and Tax | 6,152,496 | -198,588 | – | -6,412,284 | – |
| Total Comprehensive Income | 6,133,516 | -142,699 | – | -5,033,404 | – |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| ELEMENT LIST | CURRENT PERIOD | SIMILAR PERIOD FOR PREVIOUS YEAR | %CHANGE |
|---|---|---|---|
| Total Share Holders Equity (after Deducting Minority Equity) | 58,993,293 | 62,202,247 | -5.158 |
| Profit (Loss) per Share | 0.8 | -0.03 | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| ACCUMULATED LOSSES | CAPITAL | PERCENTAGE % | |
|---|---|---|---|
| 17,592,905 | 77,170,350 | 22.8 | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| ELEMENT LIST | EXPLANATION |
|---|---|
| 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 increase in net profit in the current quarter compared to the corresponding quarter of the previous year is attributed to the increase in sales by 60.22 %, and to the increase in the average selling price and to the decrease in cost, which resulted from the increase in production volume, despite the decrease in other revenues. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is | The increase in net profit in the current quarter compared to the previous quarter is attributed to the increase in sales by 181.46 % and to the increase in the average selling price, and the decrease in cost, which resulted from the increase in production volume, and to the decrease in the general and administration expenses, despite the decrease in other revenues. |
| Statement of the type of external auditor’s report | Unmodified conclusion |
| Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion | We would like to draw attention to Note No. (4) of the attached interim condensed financial statements, which indicates that the Company has achieved accumulated losses amounting to SAR 17,592,905 as of March 31, 2022, and the Company’s current liabilities exceeded its current assets by SAR 12,798,193 on that date, and these circumstances indicate the existence of a material uncertainty, that may cast significant doubt on the Company’s ability to continue as a going concern, and our conclusion has not been modified in this respect. |
| Reclassification of Comparison Items | The comparative figures for the previous period ended 31 March 2021 have been modified to correspond with the figures of the current period. |
| Additional Information | Earnings per sharesThe weighted average number of shares was reached by taking the effect of the capital decrease from the beginning of the earliest period offered to comply with the requirements of IAS 33.
In response to the spread of the Covid-19 virus around the world and the resulting disruption to social and economic activities in those markets, the company’s management has proactively assessed its impact on its operations and has taken a series of preventive actions, including the formation of teams and ongoing crisis management operations to ensure the health and safety of its employees , customers and society as a broader scope, as well as ensuring the continuity of supplying its products in all its markets. Based on these factors, the company’s management believes that the Covid-19 epidemic did not have a material impact on the company’s financial results that were reported for the period ending on 30 September 2021. In view of the continuation of the pandemic, the company is closely monitoring the situation, especially in the coming months of this year, and the company expects the situation to improve gradually and hopes that the outbreak of Covid 19 will end during the current year. |