AI Summary
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 1,598,067 | 1,542,823 | 3.58 |
| Gross Profit (Loss) | 600,371 | 503,721 | 19.187 |
| Operational Profit (Loss) | 461,026 | 346,267 | 33.141 |
| Net profit (Loss) | 421,215 | 297,197 | 41.729 |
| Total Comprehensive Income | 427,022 | 298,111 | 43.242 |
| Total Shareholders Equity (after Deducting Minority Equity) | 1,093,065 | 844,702 | 29.402 |
| Profit (Loss) per Share | 0.38 | 0.27 | |
| All figures are in (Thousands) 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 (Thousands) 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 increase in sales during the current quarter compared to the same quarter of the previous year is attributed to rising demand across various sectors within the Kingdom of Saudi Arabia. This growth was particularly prominent in high-voltage projects and major industrial projects, including those in the oil and gas sector, in addition to increase in exports to regional and European markets. |
| 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 of the increase in the net profit of the current quarter compared to the same quarter of last year is mainly attributed to the following:
• Increase of sales from SAR 505.8 million to SAR 560 million. • The diversification of sold products and increase in sold products with higher profit margins. • Decrease in finance cost. The increase in net profit is partially offset by increase in general administration expenses and selling and distribution expenses. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The increase in sales during the current quarter compared to the previous quarter is attributed to continued growth in sales to oil and gas projects covering all of the company’s product lines, as well as infrastructure projects, including high-voltage substations. |
| 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 of the current quarter compared to the previous quarter
is mainly attributed to the following: • Increase of sales from SAR 531.4 million to SAR 560 million. • The diversification of sold products and increase in sold products with higher profit margins. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | The increase in sales in the current period compared to the same period of last year was driven by the continuation of the same levels of high demand achieved during the previous period, especially in high-voltage substation projects, distribution network infrastructure projects, and a series of new industrial projects, including the Oil & Gas sector. |
| 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 of the increase in net profit of the current period compared to the same period of last year is mainly attributed to the following:
• Increase of sales from SAR 1,543 million to SAR 1,598 million • The diversification of sold products and increase in sold products with higher profit margins • Decrease in general and administrative expenses as the general and administrative expenses for the same period of last year included unrepeated expenses an amount of SAR 26.1 million, that related to the fine imposed by the General authority for competition. • Decrease in finance cost. |
| 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) | None |
| Reclassification of Comparison Items | None |
| Additional Information | None |
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