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May 18, 2023| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 9,318,129 | 8,912,965 | 4.54 | 13,645,819 | -31.71 |
| Gross Profit (Loss) | 2,598,715 | 2,611,379 | -0.48 | 10,180,083 | -74.47 |
| Operational Profit (Loss) | -4,662,415 | -3,222,215 | 44.7 | -1,416,992 | 229.04 |
| Net Profit (Loss) after Zakat and Tax | -4,897,931 | -3,576,926 | 36.93 | -2,913,503 | 68.11 |
| Total Comprehensive Income | -4,897,931 | -3,576,926 | 36.93 | -3,407,525 | 43.74 |
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Share Holders Equity (after Deducting Minority Equity) | 131,384,863 | 143,638,913 | -8.53 |
| Profit (Loss) per Share | -0.49 | -0.36 | |
| 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 increase in net loss in the current quarter compared to the same quarter of the previous year is due to An Increase in the general, administrative and operating expenses in the current quarter of the company. The expenses include the expenses of establishing subsidiaries companies (Arab Sea Financial Company and Era Data Information Technology) which are wholly owned by Arab Sea Company. The company recorded an increase in revenues in the current quarter by 4.55% 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 previous quarter of the current year is | The reason for the increase in net loss in the current quarter compared to the previous quarter is due to A decrease in revenues in the current quarter compared to the previous quarter by 31.70% and the increase in general, administrative and operational expenses in the current quarter of the company. The expenses include the expenses of establishing subsidiaries companies (Arab Sea Financial Company and Era Data Information Technology) which are wholly owned by Arab Sea Company |
| 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 | Do not apply |
| Reclassification of Comparison Items | Do not apply |
كل عام والسعودية تُعانق السماء مجدًا وطموح وإزدهار اللهم ادم علينا الامن والامان والرخاء واحفظ هذه البلاد وقادتها من كل سوء
