IssuerAnnouncementDetailsV2Portlet
Actions
Knowledge Net Co. announces its Interim Financial Results for the Period Ending on 2023-06-30 ( Six Months )
| Element List | Current Period | Similar period for previous year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 25,107,895 | 30,314,989 | -17.18 | ||
| Gross Profit (Loss) | 4,607,160 | 9,918,812 | -53.55 | ||
| Operational Profit (Loss) | -4,683,886 | 1,868,470 | - | ||
| Net Profit (Loss) after Zakat and Tax | -4,638,913 | 4,274,439 | - | ||
| Total Comprehensive Income | -4,638,913 | 4,274,439 | - | ||
| Total Share Holders Equity (after Deducting Minority Equity) | 40,846,914 | 46,936,401 | -12.97 | ||
| Profit (Loss) per Share | -1.24 | 1.39 | |||
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Explanation |
|---|---|
| Increase (Decrease) in Net Profit for Current Period Compared to Previous Period is Attributed to | 1- Decrease in licenses for new programs that have high profitability, as sales of these programs do not proceed at a regular pace during the year. 2-Increase the sales team to support the company's expansion and growth plan and sell new products. 3- The increase in operating expenses, which was reflected in the loss, is due to the investment in some subsidiaries in the spending phase, at a cost of 2,932,439 riyals, which did not start to generate revenues in the first half of 2023. 4- During the same period of the previous year, the company achieved a non-recurring income of 2,759,243 riyals, which is profits from the sale of an investment in a subsidiary company and profits from the sale of financial assets. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Reclassification of Comparison Items | N/A |
| Attached Documents |  |
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.
Share
Company Performance
Key Parameters
Last Price 9.49
Net Change 0.0 (0.0%)
Value Traded (Sar) 173.48
Volume Traded 17
LoginPortletPopupv2
Actions
AddtoWatchlistv2
Actions