| 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 company incurred a loss during the current quarter compared to achieving profits during the same quarter of the previous year due to the following:Revenues decreased due to the exclusion of internal sales between subsidiaries and the cessation of sales of white pebble and washed sand.- Increasing the revenue costs are represented by the increase in salaries, wages, and operating expenses resulting from the operation of the modern building technology factory in Sudair industrial city and the increase in production lines in the ready-mix concrete sector.The increase in depreciation is a result of the increase in the fixed assets of the Modern Building Technology plant in Sudair City. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is | The net loss decreased during the current quarter compared to the previous quarter due to:- Increasing the revenues generated by the ready-mix concrete sector. |
| 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 | There’s no |
| Reclassification of Comparison Items | Certain comparative figures have been reclassified to correspond to the current period presentation |
| Additional Information | The weighted average number of shares for the period ending on 31- 03-2021 has been adjusted in line with the weighted average number of new shares after its increase in 2021. The calculation of basic/diluted earnings per share is based on the profit attributable to ordinary shareholders and the weighted average number of ordinary shares outstanding. The earnings per share were calculated as of 31-03 2022 based on the weighted average number of shares outstanding at the end of the period. The adjusted earnings per share are the same as the basic earnings per share, as the group has no convertible securities nor reduced financial instruments to exercise. The weighted average number of shares on March 31, 2021, has been retrospectively modified to be in line with the weighted average number of new shares after its increase during 2021 as required per international accounting standard no, 33 (Earnings per share) (for more details refer to note 1). |
