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Thoub Al-Aseel Company Announces Its Condensed Consolidated Interim Financial Results for The Period Ended 31st March 2024 (Three Months)
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 211.17 | 190.49 | 10.856 | 105.51 | 100.142 |
| Gross Profit (Loss) | 80.42 | 66.28 | 21.333 | 46.79 | 71.874 |
| Operational Profit (Loss) | 47.57 | 34.12 | 39.419 | 18.97 | 150.764 |
| Net profit (Loss) | 40.05 | 27.76 | 44.272 | 11.47 | 249.171 |
| Total Comprehensive Income | 39.96 | 27.91 | 43.174 | 27.91 | 43.174 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Share Holders Equity (After Deducting the Minority Equity) | 584.66 | 570.42 | 2.496 |
| Profit (Loss) per Share | 0.1 | 0.07 | |
| All figures are in (Millions) 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 (Millions) 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 increase in sales during the first quarter of the current year 2024 by 10.86% compared to the same quarter of the previous year is due to the increase in sales during the Ramadan season. and increase in E-commerce sales by 163% compared to the same quarter of the last 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 profit for the current quarter 2024 compared to the same quarter of the previous year by 44.29% is mainly due to: Sales growth of 10.86% and relative improvement in profit margin resulting from sales of highly profitable items. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Sales increased by 100.14% during the first quarter of 2024 compared to the fourth quarter of 2023 due to the current quarter coinciding with the sales season of the holy month of Ramadan. |
| 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 profit for the current quarter 2024 compared to the previous quarter by 249.10% is mainly due to: increase in sales, Resulted from seasonality of activity. |
| 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 | Earnings per share for all periods presented is calculated by dividing the net profit by 400 million shares, after the approval of the Extraordinary General Assembly held on June 20, 2023, to divide the nominal value of the share from 10 Saudi riyals per share to 1 Saudi riyal per share, so that the number of shares of the company after the split becomes 400 million shares instead of 40 million shares. We would like to draw the attention of our valued shareholders, The Consolidated Financial statements for the Three Months ended 31st March 2024 will be available on the investor relations app for Al-Aseel Smart Phones and Tablets, and through the company's website at the following link http://www.alaseel.com.sa/investor, after sending it to the competent authorities. |
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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