| Element List | Current Quarter | Similar Quarter For Previous Year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 55.54 | 53.26 | 4.28 | 53.95 | 2.95 |
| Gross Profit (Loss) | 36.83 | 35.39 | 4.07 | 35.77 | 2.96 |
| Operational Profit (Loss) | 26.76 | 32.57 | -17.84 | 28.85 | -7.24 |
| Net Profit (Loss) after Zakat and Tax | 7.19 | 18.04 | -60.14 | 11.65 | -38.28 |
| Total Comprehensive Income | 7.19 | 18.04 | -60.14 | 11.65 | -38.28 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar Period For Previous Year | %Change |
|---|---|---|---|
| Sales/Revenue | 163.95 | 160.66 | 2.05 |
| Gross Profit (Loss) | 108 | 109.58 | -1.44 |
| Operational Profit (Loss) | 86.39 | 96.48 | -10.46 |
| Net Profit (Loss) after Zakat and Tax | 33.1 | 53.29 | -37.89 |
| Total Comprehensive Income | 33.1 | 53.29 | -37.89 |
| Total Share Holders Equity (after Deducting Minority Equity) | 1,068.89 | 1,069.68 | -0.07 |
| Profit (Loss) per Share | 0.35 | 0.57 | |
| 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 net profit attributable to shareholders of the company for the current quarter compared to the same quarter is mainly due to:
1. A decrease in operating profit as a result of the decrease in the company’s share in the profits of sister companies, in addition to an increase in general and administrative expenses. 2. High financing costs and zakat provision during the current quarter.
All of the above led to a decrease in net profit despite the increase in gross profit during the current quarter compared to the same quarter as a result of the increase in 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 decrease in net profit attributable to shareholders of the company for the current quarter compared to the previous quarter is mainly due to:
1. Decrease in operating profit as a result of the decrease in the company’s share of the profits of sister companies in addition to the decrease in other revenues. 2. High financing costs.
All of the above led to a decrease in net profit despite the increase in gross profit during the current quarter compared to the previous quarter as a result of increased revenues. |
| 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 decrease in net profit for the current period compared to the same period of the previous year is mainly due to:
1. Decrease in operating profit as a result of the decrease in the profits of sister companies and the increase in general, administrative, and marketing expenses. 2. High financing costs during the current period. 3. Increased zakat provision.
All of the above led to a decrease in net profit during the current period compared to the similar period of the previous year, despite the increase in revenues during the current period compared to the similar period of the previous year. |
| 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 revenues increased by 2% during the current period of the year 2023, reaching 163.95 million Saudi riyals, compared to 160.66 million Saudi riyals for the same period of the previous year.
This increase was mainly due to an increase in hospitality sector revenues by 10.2% as a result of improved occupancy rates at the Alandalus Mall Hotel, in addition to an increase in retail sector revenues by approximately 2%.
We would like to draw the attention of our valued shareholders, that the condensed consolidated financial statements for the period ending on September 30, 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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