News & Announcements

NASEEJ

09 May, 2024 15:53

Naseej International Trading Co. announces its Interim Financial results for the Period Ending on 2024-03-31 ( Three Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	63,817	78,735	-18.947	60,150	6.096
Gross Profit (Loss)	11,768	17,625	-33.231	12,013	-2.039
Operational Profit (Loss)	2,801	8,650	-67.618	4,276	-34.494
Net profit (Loss)	111	4,086	-97.283	-21,734	-
Total Comprehensive Income	111	4,086	-97.283	-21,043	-
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Share Holders Equity (After Deducting the Minority Equity)	90,260	109,475	-17.551
Profit (Loss) per Share	0.01	0.37
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Percentage of the capital (%)	Amount
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value	-	-
Accumulated Losses	17.17	-18,713
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Explanation
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 sales during the current quarter compared to the same quarter of the previous year is mainly due to the decrease in sales volume according to the local and international market situation.
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 net profits during the current quarter compared to the same quarter of the previous year is mainly due to the decrease in sales, the decrease in the company’s profit from Investment in associates and a joint ventures , and the company’s incurring expenses related to the previous capital raise file.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	The reason for the increase in sales during the current quarter compared to the previous quarter is mainly due to the new customers in the project Division, in addition to the nature and seasonality of the markets in the current quarter compared to 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 achieving profits during the current quarter compared to the previous quarter is the increase in sales, decrease in operating expenses, and additional zakat Provsion in 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	-

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