Element List Current Quarter Similar Quarter For Previous Year %Change Previous Quarter % Change
Sales/Revenue 27,450,084 17,844,503 53.83 27,482,109 -0.12
Gross Profit (Loss) 9,198,104 3,626,860 153.61 8,865,970 3.75
Operational Profit (Loss) 12,177,990 -6,140,237 - 2,375,451 412.66
Net Profit (Loss) after Zakat and Tax 11,398,934 24,648,453 -53.75 1,782,675 539.43
Total Comprehensive Income 11,444,208 24,518,040 -53.32 1,212,008 844.24
All figures are in (Actual) Saudi Arabia, Riyals
Element List Current Period Similar Period For Previous Year %Change
Sales/Revenue 54,932,193 44,157,449 24.4
Gross Profit (Loss) 18,064,074 12,224,393 47.77
Operational Profit (Loss) 14,553,441 -2,056,201 -
Net Profit (Loss) after Zakat and Tax 13,181,609 28,330,524 -53.47
Total Comprehensive Income 12,656,216 28,016,264 -54.83
Total Share Holders Equity (after Deducting Minority Equity) 558,926,279 572,575,959 -2.38
Profit (Loss) per Share 0.26 0.57
All figures are in (Actual) Saudi Arabia, Riyals
  Accumulated Losses Capital Percentage %
  16,542,527 500,000,000 3
All figures are in (Actual) Saudi Arabia, Riyals
Element List Explanation
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 for the decrease in the net profit during the current quarter compared to the comparative quarter of the previous year, is due to the realization of profits gained from the sale of a fixed asset (land in Khabat Al-Falaq area in Jazan) with a net profit of 31 million Saudi riyals in the comparative quarter of the previous year, which in turn led to a decrease In comparison of the net profit for the comparative quarter of the previous year, despite the increase in revenues by 54%, compared to the comparative quarter of the previous year.

 

 

Due to the aforementioned, the net profit for the second quarter of this year decreased by 54% compared to the comparative quarter of the previous year.
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 reason for the increase in net profit during the current quarter compared to the previous quarter, is due to the reduction of operating costs and focusing on the local market for the shrimp product, in addition to the profits gained from booking the company’s share in Rakhaa Company (an associate company) (Note No. 6)

 

 

Due to the aforementioned, the net profit for the current quarter increased by 539.4% compared to the previous quarter.
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 for the decrease in the net profit during the current period compared to the comparative period of the previous year, is due to the realization of profits gained from the sale of a fixed asset (land in the Khabat Al-Falaq area in Jazan) with a net profit of 31 million Saudi riyals in the comparative period of the previous year.

 

 

Due to the aforementioned, the net profit for the current period of this year decreased by 53% compared to the comparative period of the previous year.
Statement of the type of external auditor's report Unmodified conclusion
Reclassification of Comparison Items Some comparative figures for the previous year have been reclassified to conform to the presentation used for the current period.

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