| Element List | Current Quarter | Similar Quarter For Previous Year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 54.47 | 53.3 | 2.19 | 55.45 | -1.77 |
| Gross Profit (Loss) | 35.4 | 36.69 | -3.52 | 32.83 | 7.83 |
| Operational Profit (Loss) | 30.79 | 34.55 | -10.88 | 30.79 | - |
| Net Profit (Loss) after Zakat and Tax | 14.26 | 19.79 | -27.94 | 13.48 | 5.79 |
| Total Comprehensive Income | 14.26 | 19.79 | -27.94 | 12.78 | 11.58 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar Period For Previous Year | %Change |
|---|---|---|---|
| Total Share Holders Equity (after Deducting Minority Equity) | 1,073.39 | 1,059.51 | 1.31 |
| Profit (Loss) per Share | 0.15 | 0.21 | |
| All figures are in (Millions) 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 decrease in the net profit attributable to the shareholders of the company is mainly due to:
• Increase in financing cost. • Increase in the cost of revenues in the retail and hospitality sectors due to increased occupancy rates. • High marketing, General and administrative expenses. All these reasons led to a decrease in the net profit for the current quarter compared to the same quarter, despite the increase in revenues in the retail and hospitality sectors, in addition to other revenues. |
| 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 increase in the net profit attributable to the shareholders of the company during the current quarter compared to the previous quarter is mainly due to the increase in gross profit as a result of the decrease in the cost of revenue in retail sector, in addition to the decrease in zakat provision made up in the current quarter compared to the previous quarter. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Reclassification of Comparison Items | Certain prior period figures have been reclassified to conform with the presentation in the current period |
| Additional Information | The company's total revenue for the group increased during the current quarter of the current year 2023 by approximately 2.2% to reach 54.5 million Saudi riyals, compared to 53.3 million Saudi riyals for the same quarter of the previous year. This increase came mainly as a result of an increase in hospitality sector revenues by 5.8% as a result of an improvement in the occupancy rate in 2023, in addition to an increase in retail sector revenues by 2.5%.
Gross profit decreased by approximately 3.5% to reach 35.4 million Saudi riyals during the current period compared to 36.7 million Saudi riyals during the same period of the previous year, due to the increase in the cost of revenues for the company, especially the retail and hospitality sectors, despite the increase in the company’s revenues.
We would like to draw the attention of our valued shareholders, that the condensed consolidated financial statements for the period ending on March 31, 2023, will be available through the company's website at the link below, after sending it to the competent authorities.
The investors presentation for the current period will also be available on the Investor Relations application of Alandalus Property Company for smartphones and tablets, as well as on the company's website under the Investor Relations section and under the Investors Presentation section.
http://www.alandalus.com.sa |
| Attached Documents |  |
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