| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 18,710,910 | 18,031,761 | 3.766 | 19,527,483 | -4.181 |
| Gross Profit (Loss) | 15,483,172 | 15,249,227 | 1.534 | 16,223,411 | -4.562 |
| Operational Profit (Loss) | 12,956,540 | 13,257,671 | -2.271 | 9,170,204 | 41.289 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 12,413,112 | 9,997,824 | 24.158 | 7,535,265 | 64.733 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 12,414,286 | 9,837,426 | 26.194 | 7,540,950 | 64.624 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 431,639,245 | 404,736,114 | 6.647 |
| Profit (Loss) per Share | 0.06 | 0.05 | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | – | – | |
| All figures are in (Actual) 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 reason for the increase in revenues during the current quarter compared to the same quarter of the previous year is due to the increase in rental revenues at Bannan Real Estate Company and its subsidiary Al-Aziza Investment and Real Estate Development Company. |
| 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 increase in net profit during the current quarter compared to the same quarter of the previous year is due to:- Rental income increased by 3.76%.- Net profit from the exclude of investment properties increased to SAR 1.6 million, compared to SAR 1.2 million for the same quarter of the previous year. This increase is attributed to:- A profit of SAR 5.1 million from the sale of a building in Al Wadi district (Banan Real Estate Company).- A loss of SAR 4.7 million resulting from the exclude of land in Al Rahmaniyah district belonging to the subsidiary Qimam Noshoz Real Estate Development Company, due to its contribution to a real estate investment fund (Artal Real Estate Fund Four-Sup).- A profit of SAR 1.2 million from the sale of land belonging to the subsidiary (Qimam Noshoz Real Estate Development Company).- General and administrative expenses decreased by 17% compared to the same quarter of the previous year.- Financing costs decreased by 10% due to a decrease in the financing amount. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The decrease in revenue during the current quarter compared to the previous quarter by an amount of 816 thousand riyals is due to a decrease in rental revenues as a result of the sale of one of the properties, in addition to the non-recording of development revenues in the first quarter. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The increase in net profit during the current quarter compared to the previous quarter is due to:- Despite a 4.2% decrease in rental income compared to the previous quarter, a loss of SAR 4.7 million was recorded due to the exclude of land in Al-Rahmaniyah district belonging to the subsidiary, Qimam Noshoz Real Estate Development Company, for contribution to a real estate investment fund (Artal Real Estate Fund Four-Sup).- A profit of SAR 5.1 million was realized from the sale of a building in Al-Wadi district (Banan Real Estate Company).- A profit of SAR 1.2 million was realized from the sale of land belonging to the subsidiary (Qimam Noshoz Real Estate Development Company).- A 2.3% decrease in the cost of revenues and a 6.5% decrease in general and administrative expenses compared to the previous quarter.- A 30% decrease in financing costs, resulting from a decrease in the financing amount. |
| 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) | N/A |
| Reclassification of Comparison Items | Comparative figures have been reclassified to align with the current presentation. |
| Additional Information | N/A |
