| 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 net profit decreased in the current quarter compared to the same quarter of the previous year due to lower revenues and increased operating costs and expenses |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is | The company made a profit during the current quarter of 1.6 million riyals, compared to incurring losses in the previous quarter of (3.4) million riyals due to the increase in revenues resulting from the increase in ready-mix concrete sales, the increase in panel sales during the third quarter of 2022 AD, and the decrease in administrative expenses |
| 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 company incurred a loss in the current period of 3.9 million riyals, compared to achieving profits in the same period of the previous year, with a value of 11.8 million riyals |
| 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 conform to the current period presentation |
| Additional Information | The calculation of basic/diluted earnings per share is based on the profit attributable to common shareholders and the weighted average number of common shares outstanding. As of September 30, 2022, earnings per share have been calculated on the basis of the weighted average number of shares outstanding at the end of the period. The adjusted profit per share is the same as the basic profit per share as the group has neither convertible securities nor diluted financial instruments to exercise. |
