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Arab Sea Information System Co. announces its Interim Financial consolidated Results for the Period Ending on 30-06-2022( Six Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 8,375,35713,368,155-37.358,912,965-6.03
Gross Profit (Loss) 2,637,3098,247,600-68.022,611,3790.99
Operational Profit (Loss) -2,917,2194,331,710--3,222,215-9.46
Net Profit (Loss) after Zakat and Tax -1,888,1954,374,443--3,576,926-47.21
Total Comprehensive Income -1,888,1954,374,443--3,576,926-47.21
All figures are in (Actual) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue 17,288,32222,234,143-22.24
Gross Profit (Loss) 5,248,68812,209,769-57.01
Operational Profit (Loss) -6,139,4344,580,588-
Net Profit (Loss) after Zakat and Tax -5,465,1214,449,514-
Total Comprehensive Income -5,465,1214,449,514-
Total Share Holders Equity (after Deducting Minority Equity) 141,750,718130,433,1738.68
Profit (Loss) per Share -0.550.44
All figures are in (Actual) 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 increase in net loss during the current quarter compared to the same quarter of the previous year is due to:

- A decrease in the value of the current quarter's revenues by 37.34% compared to the same quarter of the previous year.

- An increase in selling and administrative expenses in the current quarter by 41.84% over the same quarter of the previous year.

The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is The reason for the decrease in net loss in the current quarter compared to the previous quarter is due to:

- Selling and administrative expenses decreased in the current quarter by 4.78% compared to the previous quarter of this year.

- An increase in other incomes in the current quarter by 437.7% compared to the previous quarter of this year.

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 increase in net loss during the current period compared to the same period of the previous year is due to:

- Revenues decreased in the current period by 22.24% compared to the same period of the previous year.

- An increase in selling and administrative expenses in the current period by 49.27% over the same period of the previous year.

Statement of the type of external auditor's report Unmodified conclusion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion None
Reclassification of Comparison Items Certain comparative figures for the period ending on June 30, 2021 have been reclassified to conform to the presentation and classification of the current period.
Additional Information The main reason for the increase in selling and administrative expenses in the current period is the increase in establishment expenses of subsidiaries companies owned by Arab Sea Information System Company

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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