Banan Real Estate Co. announces its Annual Financial results for the period ending on 2023-12-31

Element List	Current Year	Previous Year	%Change
Sales/Revenue	65,970,573	59,294,711	11.26
Gross Profit (Loss)	52,741,468	47,944,463	10.01
Operational Profit (Loss)	43,599,365	41,643,054	4.7
Net profit (Loss)	28,765,944	28,215,495	1.95
Total Comprehensive Income	28,901,217	27,573,198	4.82
Total Share Holders Equity (After Deducting the Minority Equity)	379,001,661	354,100,444	7.03
Profit (Loss) per Share	0.14	0.14
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 year compared to the last year	The reason for the increase in revenues during this year compared to the previous year is due to an increase in rental revenues in the company and its subsidiary by an amount of 5,869 million Saudi riyals and an increase in revenues from the sale of lands by 806 thousand Saudi riyals.
The reason of the increase (decrease) in the net profit during the current year compared to the last year is	The reason for the increase in net profit during the year 2023 by 550 thousand Saudi riyals compared to the previous year is mainly due to the following: - An increase in revenues by 6.675 million Saudi riyals and an increase in the company’s profits from joint projects by 2.02 million riyals, which was offset by an increase in revenue costs by 1.878 million Saudi riyals. The increase in general and administrative expenses amounted to 2.84 million Saudi riyals, which is due to the company’s file expenses for entering the main market, TASI.
Statement of the type of external auditor's report	Unmodified opinion
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	Some comparative figures have been reclassified and classified to conform to the presentation for the current year.
Additional Information	-

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