The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | Revenue increased to SAR 343.07 million for the 2nd quarter of financial year 2024 from SAR 318.28 million for the 2nd quarter of financial year 2023 as a result of the increased in sales volume. |
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | Net profit of SAR 57.05 million for Q2 2024 compared to a net profit of SAR 45.45 million for Q2 2023 is due to gross profit increased to SAR 85.25 million in Q2 2024 from SAR 70.77 million in Q2 2023, as a result of the increase in volume mainly due to increase in sales volume, primarily attributed to the efficiency of production and supply during the 2nd quarter. Additionally, the company has continued to improve production costs. |
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Revenue increased to SAR 343.07 million for Q2 2024 from SAR 308.74 million for the first quarter of financial year 2024 mainly as a result of the increase in sales volume. |
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | Net profit of SAR 57.05 million for Q2 2024 compared to a net profit of SAR 54.79 million for first quarter (Q1 2024) Although the gross profit decreased to SAR 85.25 million in Q2 2024 from SAR 95.26 million in first quarter (Q1 2024) due to an increase in cost of revenue, however the net profit was maintained at a higher level, as a result of the increase in volume mainly due to increase in sales volume, primarily attributed to the efficiency of production and supply during the 2nd quarter. Additionally, the company has continued to improve production costs. |
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | Revenue increased to SAR 651.82 million for the current period of the financial year 2024 from SAR 532.96 million compared with the same period of the financial year 2023, as a result of the increased in sales volume. |
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | Net profit of SAR 111.83 million for the current period of the financial year 2024 compared to a net profit of SAR 56.94 million for the same period of the financial year 2023 is due to gross profit increased to SAR 180.51 million in the current period of the financial year 2024 from SAR 99.44 million in the same period of the financial year 2023, as a result of the increase in volume mainly due to increase in sales volume, primarily attributed to the efficiency of production and supply during the current period of financial year 2024. Additionally, the company has continued to improve production costs. |
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) | Nothing |
Reclassification of Comparison Items | Some of the comparative figures have been reclassified and adjusted |
Additional Information | Attached |
Attached Documents | |