| ELEMENT LIST | CURRENT QUARTER | SIMILAR QUARTER FOR PREVIOUS YEAR | %CHANGE | PREVIOUS QUARTER | % CHANGE |
|---|---|---|---|---|---|
| Sales/Revenue | 186.1 | 176.5 | 5.44 | 176.3 | 5.56 |
| Gross Profit (Loss) | 36 | 37.5 | -4 | 46.8 | -23.08 |
| Operational Profit (Loss) | 15.9 | 19.2 | -17.19 | 22.2 | -28.38 |
| Net Profit (Loss) after Zakat and Tax | 8.7 | 16.2 | -46.3 | 16.4 | -46.95 |
| Total Comprehensive Income | 8.7 | 16.5 | -47.27 | 16.4 | -46.95 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| ELEMENT LIST | CURRENT PERIOD | SIMILAR PERIOD FOR PREVIOUS YEAR | %CHANGE |
|---|---|---|---|
| Sales/Revenue | 524.9 | 494.1 | 6.23 |
| Gross Profit (Loss) | 120.8 | 113.9 | 6.06 |
| Operational Profit (Loss) | 60 | 65.9 | -8.95 |
| Net Profit (Loss) after Zakat and Tax | 41.8 | 58.5 | -28.55 |
| Total Comprehensive Income | 41.8 | 58.8 | -28.91 |
| Total Share Holders Equity (after Deducting Minority Equity) | 496.3 | 473.5 | 4.82 |
| Profit (Loss) per Share | 2.14 | 3 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| ELEMENT LIST | EXPLANATION |
|---|---|
| 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 volume of revenues increased by 9.6 million riyals between the current third quarter, compared to the same quarter of last year, by 5.4%, which led to an increase in costs and expenses by 8%. The increase in revenues is mainly due to the revenues of new projects and revenues of existing projects during the current period compared to the same period in the previous year. And the increase in the sales of the United Naqaa Company due to the increase in the number of pharmacies compared to the third quarter of last year The decrease in net profit during the current quarter compared to the same quarter of the previous year is due to the following: • An increase in salaries and the like to the increase in the number of employees enrolled in new projects compared to the number of employees enrolled during the same period last year • New roles and duties created to boost the business and support future expansion • An increase in expenses in Naqaa Company related to an increase in the number of pharmacies (acquisition and transfer costs). • Increasing the consumption of right-of-use assets (the new pharmacies in Naqaa Company) • An increase in financing interest (as a result of an increase in the rate of return on bank borrowing). • An increase in Zakat expenditure of SR 838 K based on the increase in revenues related to new projects. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is | Although revenues increased by 5.6% during the current quarter compared to the same quarter of the last year, net profit decreased due mainly to the following: 1- Increase in the cost of employees and consumables 2- Increase in finance costs 3- Decrease in other income |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | Net profit decreased in first nine months of 2022 as comparted the first nine months of 2021 by SR 16.7 mil due mainly to the following: 1. Increase in finance costs SR 5.4 mil 2. Increase in Zakat expense SR 2.4 mil 3. Increase in employee expenses at head office SR 2.3 mil 4. Decrease in the share of results in subsidiaries SR 4.8 mil 5. Decrease in other income SR 2.9 mil. |
| 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 | Comparative figures were reclassified in prior period to conform with current period. |
| Additional Information | None |
