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 the company's sales is attributed to changes in sales in both the retail and wholesale sectors, resulting from the company's strategy aimed at expanding the opening of retail branches. This expansion led to an increase in retail sales; however, the decline in wholesale sales contributed to the overall decrease in sales. Furthermore, changes in demand for different products due to shifts in consumer behavior resulted in an increase in the share of low-priced products, which contributed to the decline in sales. |
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 decrease in net profit during the current quarter can be attributed to the decline in sales in the water sector, along with an increase in expenses related to the opening and expansion of branches. Additionally, rising transportation costs due to fuel price hikes have played a role. This decrease was also supported by expenses in the poultry sector, which is still under the company's future expansion plan. |
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Sales in the current quarter decreased by 2.9% compared to the previous quarter. This decline resulted from a decrease in wholesale sales due to the company's focus on enhancing branch openings and expanding retail sales. Additionally, the overlap of holidays with the current quarter had a negative impact on sales compared to 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 company achieved growth equivalent to 39% in net profit after zakat. This increase was supported by capital gains resulting from the exclusion of assets related to the company's expansion plans. This growth occurred despite the decrease in sales. The earnings per share for the current quarter reached SAR 0.55. |
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | Sales decreased by 7.5% due to changes in sales in both the retail and wholesale sectors, resulting from the company's strategy aimed at expanding the opening of retail branches. This decline was also supported by a shift in the sales mix of water products due to consumer preferences towards purchasing lower-priced varieties. |
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | The reason for the decrease in net profit during the current period compared to the same period is attributed to a decline in sales in the water sector, along with an increase in expenses related to opening and expanding branches. Additionally, rising transportation costs due to fuel price hikes have had an impact. This decrease was further supported by expenses in the poultry sector, which is still part of the company's future expansion plan. Moreover, this decline was reinforced by a shift in the sales mix of water products due to consumer preferences towards purchasing lower-margin varieties. |
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) | Not applicable |
Reclassification of Comparison Items | Some numbers in the financial statements have been reclassified compared to the same quarter of the previous year. The most significant reclassification was the inclusion of revenue from the transportation sector and the associated costs within the company's main operations. Additionally, revenue from time deposits has been transferred from operating income to other revenues. |
Additional Information | - |