- Revenue:

The Company’s revenue for the current quarter increased by 11.04% compared to the similar quarter last year, this was mainly on account of increase in sales of dairy and food processing sector by 12.67% this increase was partially off set by decrease in sales of Agri sector by 8.83%

- Cost of sales:

Cost of sales percentage on revenue decreased during the current quarter by 10.61% compared to the similar quarter last year was mainly on account of the increase in the selling prices.

- Share of results from Joint Venture:

During the current quarter, the company recognized SAR 6.4 million which represents its share of profit from Joint venture investment compared to loss of SAR 8.16 million the similar quarter last year.

Despite the changes in preceding elements that positively impacted the net profit of the Company in the current quarter, there are other elements that negatively impacted the net profit of the current quarter as follows:

-Selling and marketing expenses:

Selling and marketing expenses increased in by 20.29% the current quarter compared to similar quarter last year was mainly on account of increase in trade marketing and repairs and maintenance cost.

- General and Administrative expenses:

General and administrative expenses increased in the current quarter by 28.81% compared to similar quarter last year was mainly on account of increase in employee cost and professional consultancy fee due to the Company’s Strategy Project.

- Provision for other receivables:

During the current quarter provision of SAR 18.50 million made for the other receivables which are doubtful.

- Other income/expenses (net):

Other expenses increased by SAR 19.66 million in the current quarter was mainly on account of increase in loss on culling of the cows.

-Finance cost:

Finance cost increased in the current quarter by 50.40% compared to the similar quarter last year was due to the increase in the interest rates because of increase in SIBOR.

All the above elements collectively impacted the gross profit and operating profit as follows:

-Gross profit:

Gross profit of the current quarter increased by 54.61% compared to the similar quarter last year, due to the increase in the revenue by 11.04% and decrease in percentage of cost of sales over the net revenue 10.61%.

-Operating profit:

Operating profit of the current quarter increased by 60.82% compared to the similar quarter last year primarily due to increase in sales, decrease in cost of sales percentage over revenue and this increase partially offset by increase in selling & marketing expenses and general & admin expenses.

- Revenue:

The Company’s revenue for the current quarter increased by4.86% compared to the previous quarter was mainly on account of increase in sale of Agri sectors by SAR 48.76 million and this increase was partially offset by decrease in sale of dairy and food processing sector by 1.64%.

- Cost of sales:

Cost of sales percentage on revenue decreased during the current quarter by 2.38% compared to the previous quarter is mainly on account decrease in material prices.

- Impairment of Assets:

During the previous quarter impairment provision of SAR 10.57 million made for the assets which are held for disposal but no such items in the current quarter.

- Share of results from Joint Venture:

During the current quarter the company recognized SAR 6.40 million which represents its share of profit from Joint venture investment but no such items in previous quarter.

On the other hand, the below elements had a negative impact on the net profit of the current quarter compared to the previous quarter:

-Selling and marketing expenses:

Selling and marketing expenses increased in the current quarter by 6.65% compared to the previous quarter mainly on account of increase in distribution expense and repairs and maintenance cost.

- General and Administrative expenses:

General and administrative expenses increased in the current quarter by 10.88% compared to the previous quarter mainly on account of increase in employee cost due to strategy project.

-Finance cost:

Finance cost increased in the current quarter by 2.82% compared to the previous quarter on account of increase in interest rates.

All the above elements collectively impacted the gross profit and operating profit as follows:

-Gross profit:

Gross profit increased in the current quarter by 6.37% compared to the previous quarter was due to increase in the revenue by 4.86% and decrease in percentage of cost of sales over the net revenue 2.38%.

-Operating profit:

Operating profit of the current quarter increased by 37.67% compared to the previous quarter due to increase in sales and decrease in cost of sales percentage over revenue and this increase partially offset by increase in selling & marketing expenses and general & admin expenses.

- Revenue:

The Company’s revenue for the current period increased by 16.20% compared to the similar period last year, this was mainly on account of increase in sales of dairy and food processing sector by 19.39% and decrease in Agri sales by 35.73%.

- Cost of sales:

Cost of sales percentage on revenue decreased during the current period by 8.44% compared to the similar period last year was mainly on account of the increase in selling prices.

- Share of results from Joint Venture:

During the current period the company recognized SAR 6.40 million which represents its share of profit from Joint venture investment compared to loss of SAR 8.16 million the similar period last year.

Despite the changes in preceding elements that positively impacted the net profit of the Company in the current period, there are other elements that negatively impacted the net profit of the current period as follows:

-Selling and marketing expenses:

Selling and marketing expenses increased in the current period compared to the similar period last year by 16.60% was mainly on account of increase in trade marketing and repairs and maintenance cost.

- General and Administrative expenses:

General and administrative expenses increased in the current period by 22.17% compared to the similar period last year was mainly on account of increase in employee cost and professional consultancy fee due to the Company’s Strategy Project.

- Provision for other receivables:

During the current period provision of SAR 40.50 million made for the other receivables which are doubtful.

- Other income/expenses (net):

Other expenses increased by SAR 18.84 million in the current period was mainly on account of increase in loss on culling of the cows.

-Finance cost:

Finance cost increased in the current period compared to the similar period last year by 69.07% due to the increase in the interest rates because of increase in SIBOR.

All the above elements collectively impacted the gross profit and operating profit as follows:

-Gross profit:

Gross profit of the current period increased by 50.05% compared to the similar period last year, due to the increase in the revenue by 16.20% and decrease in percentage of cost of sales over the net revenue 8.44%.

-Operating profit:

Operating profit of the current period increased compared to the similar period last year by 82.49% due to increase in sales and decrease in cost of sales percentage over revenue and this increase partially offset by increase in selling & marketing expenses and general & admin expenses.

2-The net profit for the current period reached SAR 102.82 million compared to net profit of SAR 42.62 million for the similar period last year with an increase of 141.26%.

3-The net profit for the current quarter reached SAR 65.13 million compared to net profit of SAR 37.69 million for the previous quarter with an increase of 72.83%.

4-The total comprehensive income for the current quarter reached SAR 65.32 million compared to total comprehensive income of SAR 28.23 million for the similar quarter last year with an increase of 131.37%.

5-The total comprehensive income for the current period reached SAR 102.79 million compared to total comprehensive income of SAR 43.79 million for the similar period last year with an increase of 134.74%.

6-The total comprehensive income for the current quarter reached SAR 65.32 million compared to total comprehensive income of SAR 37.47 million for the previous quarter with an increase of 74.34%.

7-Total revenue for the current quarter reached SAR 785.86 million compared to SAR 707.75 million for the similar quarter last year with an increase of 11.04%.

8-Total revenue for the current period reached SAR 1,535.27 million compared to SAR 1,321.28 million for the similar period last year with an increase of 16.20%.

9-Total revenue for the current quarter reached SAR 785.86 million compared to SAR 749.41 million for the previous quarter with an increase of 4.86%.

10-The gross profit for the current quarter reached SAR 295.87 million compared to SAR 191.37 million for the similar quarter last year with an increase of 54.61%.

11-The gross profit for the current period reached SAR 574.03 million compared to SAR 382.56 million for the same period last year with an increase of 50.05%.

12-The gross profit of the current quarter reached SAR 295.87 million compared to SAR 278.15 million for the previous quarter with an increase of 6.37%

13-The operating profit for the current quarter reached SAR 78.76 million compared to operating profit of SAR 48.98 million for the similar quarter last year with an increase of 60.82%.

14-The operating profit for the current period reached SAR 135.99 million compared to operating profit of SAR 74.52 million for the similar period last year with an increase of 82.49%.

15-The operating profit of the current quarter reached SAR 78.76 million compared to operating profit of SAR 57.23 million for the previous quarter with an increase of 37.63%

16-The shareholders’ equity as of 30 June 2023 (no minority equity) was SAR 1,397.93 million compared to SAR. 1,295.15 million as of 31 December 2022 with an increase of 7.94%

17-The shareholders’ equity as of 30 June 2023 (no minority equity) was SAR 1,397.93 million compared to SAR 1,239.60 million as of 30 June 2022 with an increase of 12.77%

18-The earnings per share for the current period is SAR 1.01 compared to loss per share of SAR 0.42 for the similar period last year.