Element List Current Period Similar period for previous year %Change
Total Shareholders Equity (after Deducting Minority Equity) 539,160,279 626,596,827 -13.954
Profit (Loss) per Share -0.08 -0.01
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 decrease in revenue during the current quarter compared to the corresponding quarter of the previous year by 49% was primarily attributable to a decline in the Real Estate Development segment’s revenue by SAR 145 million, resulting from the completion and handover of off-plan sales projects.

 

 

Despite this decline, the Contracting segment recorded an 11% increase in revenue, driven by higher completion rates of ongoing projects compared to the corresponding quarter of the previous year.

 

In addition, revenue from the Industrial segment decreased by 40% due to the completion of three major projects within the Red Sea Amaala Project.
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 loss was primarily attributable to the continued recognition of finance costs and general and administrative expenses, coupled with a decline in revenue.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The decrease in revenue compared to the previous quarter by 39% was mainly attributable to a decline in revenue from the Real Estate Development segment, resulting from the completion of the major off-plan sales projects undertaken by the Company.

 

 

In addition, delays in the commencement of several projects adversely affected the revenue performance across all of the Company’s business segments.
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 loss was primarily attributable to the continued recognition of finance costs and general and administrative expenses, coupled with a decline in revenue.
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 Certain comparative figures have been reclassified.
Additional Information -
 

 

Element List Current Period Similar period for previous year %Change
Total Shareholders Equity (after Deducting Minority Equity) 539,160,279 626,596,827 -13.954
Profit (Loss) per Share -0.08 -0.01
All figures are in (Actual) Saudi Arabia, Riyals
 

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