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Thoub Al-Aseel Company Announces Its Condensed Consolidated Interim Financial Results for The Period Ended 30st June 2022 (Six Months)

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 156.63168.06-6.8186.3-15.93
Gross Profit (Loss) 76.6461.0225.663.4520.79
Operational Profit (Loss) 30.340.6-25.3724.5223.57
Net Profit (Loss) after Zakat and Tax 25.0534.49-27.3718.9732.05
Total Comprehensive Income 25.2634.31-26.3819.0132.88
All figures are in (Millions) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue 342.93306.8911.74
Gross Profit (Loss) 140.09108.5729.03
Operational Profit (Loss) 54.8259.83-8.37
Net Profit (Loss) after Zakat and Tax 44.0248.46-9.16
Total Comprehensive Income 44.2748.02-7.81
Total Share Holders Equity (after Deducting Minority Equity) 593.49590.820.45
Profit (Loss) per Share 1.11.21
All figures are in (Millions) Saudi Arabia, Riyals
Element ListExplanation
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 for the second quarter of 2022 compared to the same quarter of the previous year by 27.37% is mainly due to:

Increasing the provision for credit losses in line with the general increase in trade receivables, in accordance with the requirements of IFRS 9.

The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is The reason of the increase in the net profit during for the second quarter 2022 quarter compared to the previous quarter, by 32.05% mainly due to :

profit margin Increase in due to increased sales of highly profitable products compared to the previous quarter.

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 9.16% decrease in net profit during the period ending on June 30, 2022 (six months) compared to the Similar Period of the previous year to:

Increasing the provision for credit losses in line with the general increase in trade receivables, in accordance with the requirements of IFRS 9.

Statement of the type of external auditor's report Unmodified conclusion
Reclassification of Comparison Items None
Additional Information For all periods presented, earnings per share information is calculated based on the new number of shares post the capital increase through bonus shares on 21 October 2021, the date on which the Extraordinary General Assembly approved the capital increase.

We would like to draw the attention of our valued shareholders, The Consolidated Financial statements for the Six Months ended 30st June 2022 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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