AI Summary
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 586.2 | 600.4 | -2.365 |
| Profit (Loss) per Share | 0.101 | 0.096 | |
| All figures are in (Millions) 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 (Millions) 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 current quarter's revenues increased by 4.4% compared to the same quarter of the previous year, supported by improved revenues in the company’s main sectors, Business sector and the Individuals sector, which grew by 2% and 11%, respectively. This growth is in line with increased demand for manpower services in both sectors, despite a 4% decline in revenues from Other sectors due to natural fluctuations in secondary services provided. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | Net profit for the current quarter increased by 5.7% compared to the same quarter of the previous year, due to a 16% rise in the company's gross profit across its sectors, in line with increased demand for manpower services. This was despite an increase in general and administrative expenses by SAR 2.99 million (24%), driven by higher consulting fees, IT and cybersecurity expenses, and costs related to depreciation, maintenance, and cleaning of the new headquarters. Additionally, selling and marketing expenses rose by SAR 0.7 million (15%) in line with the marketing strategy. The company also incurred investment losses of SAR 3.75 million related to the launch of Waed Khadamat Al Munzal For Marketing company this year, in line with Waed's business plan. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Revenues for the current quarter increased by 4.7% compared to the previous quarter, supported by improved revenues in the company’s main sectors, Business sector and the Individuals sector, which grew by 2% and 14%, respectively. This growth aligns with the increased demand for manpower services in both sectors, despite a 5% decline in revenues from Other sectors due to natural fluctuations in the secondary services provided. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | Net profit for the current quarter increased by 73% compared to the previous quarter, driven by a 46% rise in gross profit across the company’s sectors, in line with increased demand for manpower services. This comes despite a rise in general and administrative expenses by SAR 2.2 million (16%) in the current quarter, due to year-end adjustments to employee-related provisions recorded in the previous quarter. Additionally, the company incurred investment losses of SAR 3.75 million related to the launch of Waed Khadamat Al Munzal For Marketing company this year, in line with Waed's business plan. |
| 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) | NA |
| Reclassification of Comparison Items | NA |
| Additional Information | - |
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