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Arab Sea Information Systems Company announces its interim consolidated financial results for the period ending on 31-03-2024 (three months)
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 9,089,827 | 9,318,129 | -2.45 | 18,974,111 | -52.093 |
| Gross Profit (Loss) | 100,723 | 2,598,715 | -96.124 | 16,910,780 | -99.404 |
| Operational Profit (Loss) | -6,910,470 | -4,662,415 | 48.216 | 8,361,234 | - |
| Net profit (Loss) | -7,071,930 | -4,897,931 | 44.386 | 7,711,652 | - |
| Total Comprehensive Income | -7,071,930 | -4,897,931 | 44.386 | 8,243,595 | - |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Share Holders Equity (After Deducting the Minority Equity) | 119,972,463 | 131,384,863 | -8.686 |
| Profit (Loss) per Share | -0.07 | -0.05 | |
| All figures are in (Actual) 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 (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 decrease in revenues for the current quarter compared to the same quarter of the previous year is due to: - Revenues for the current quarter decreased by 2.4% compared to the same 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 the increase in net loss for the current quarter compared to the same quarter of the previous year is due to: - Cost of revenues increased by 33.77% compared to the same quarter of the previous year. |
| 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: - Revenues for the current quarter decreased by 52.1% compared to the previous quarter. This is due to the impact of government projects being reflected in the revenues of the previous quarter |
| 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 net loss during the current quarter compared to the previous quarter is due to: - Cost of revenue for the current quarter increased by 225.65% compared to the previous quarter |
| 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 | - |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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