Arab Sea Information Systems Company announces its interim consolidated financial results for the period ending on 31-03-2024 (three months)
Arab Sea Information Systems
Media Center May 19, 2024
Arab Sea Information Systems Company announces its interim consolidated financial results for the period ending on 31-03-2024 (three months)
Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 9,089,8279,318,129-2.4518,974,111-52.093
Gross Profit (Loss) 100,7232,598,715-96.12416,910,780-99.404
Operational Profit (Loss) -6,910,470-4,662,41548.2168,361,234
Net profit (Loss) -7,071,930-4,897,93144.3867,711,652
Total Comprehensive Income -7,071,930-4,897,93144.3868,243,595
All figures are in (Actual) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Total Share Holders Equity (After Deducting the Minority Equity) 119,972,463131,384,863-8.686
Profit (Loss) per Share -0.07-0.05
All figures are in (Actual) Saudi Arabia, Riyals
Element ListPercentage of the capital (%)Amount
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value
All figures are in (Actual) Saudi Arabia, Riyals
Element ListExplanation
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 for the decrease in revenues for the current quarter compared to the same quarter of the previous year is due to:

– Revenues for the current quarter decreased by 2.4% 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 for the increase in net loss for the current quarter compared to the same quarter of the previous year is due to:

– Cost of revenues increased by 33.77% compared to 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 for the decrease in revenues during the current quarter compared to the previous quarter is due to:

– Revenues for the current quarter decreased by 52.1% compared to the previous quarter. This is due to the impact of government projects being reflected in the revenues of the previous quarter

The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The reason for the increase in net loss during the current quarter compared to the previous quarter is due to:

– Cost of revenue for the current quarter increased by 225.65% compared to the previous quarter

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 None
Additional Information