| 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 reason of increase in revenues during the current quarter, compared to the same quarter of the previous year is due to sales growth in contracting sector and ready-mix concrete sector, where the revenues of current quarter increased with a growth of 82 percent to SAR 54.6 million, compared to the same quarter of the previous year |
| 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 increase in net profit during the current quarter, compared to the same quarter of the previous year is due to decreases in G&A expenses and selling and distribution expenses, where the net profit of current quarter increased with a growth of 50 percent to SAR 1.5 million, compared to the net profit of SAR 1 million in the same quarter of the previous year |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The reason of increase in revenues during the current quarter, compared to the previous quarter is due to the growth in contracting sector and ready-mix concrete sector, where the revenues of current quarter increased with a growth of 28 percent to SAR.54.6 million, compared to the previous quarter of the same year |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The reason of increase in net profit during the current quarter, compared to the previous quarter is due to the increase in revenues and decreases in G&A expenses and selling and distribution expenses, where the net profit of current quarter reached SAR 1.5 million, compared to the net profit of SAR 238 thousand in the previous quarter of the same year. |
| 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 reason of increase in revenues during the current period, compared to the same period of the previous year is due to the growth in the revenues of contracting, ready-mix concrete and cement sectors, where the revenues of current period reached SAR 142 million, with a growth rate of 50%, compared to the same period of the previous year. |
| 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 increase in net profit during the current period, compared to the same period of the previous year is due to the increase in the cost of revenues and funding expenses, where the net profit reached SAR 2.03 million for the current period of 2024, compared to the net profit of SAR 3.26 million for the same period of 2023 |
| 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 | The comparison figures have been re-tabulated to align with the current tabulation for the nine-month period ending on 30-09-2024 |
| Additional Information | – |
