| ELEMENT LIST | CURRENT QUARTER | SIMILAR QUARTER FOR PREVIOUS YEAR | %CHANGE | PREVIOUS QUARTER | % CHANGE |
|---|---|---|---|---|---|
| Sales/Revenue | 162.6 | 151.6 | 7.255 | 205.3 | -20.798 |
| Gross Profit (Loss) | 37.9 | 32.6 | 16.257 | 42.1 | -9.976 |
| Operational Profit (Loss) | 21.8 | 19.3 | 12.953 | 17.5 | 24.571 |
| Net Profit (Loss) after Zakat and Tax | 16.8 | 18.7 | -10.16 | 18.3 | -8.196 |
| Total Comprehensive Income | 16.8 | 19.1 | -12.041 | 15.9 | 5.66 |
| 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) | 490.2 | 417.5 | 17.413 |
| Profit (Loss) per Share | 0.84 | 0.96 | |
| 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 volume of revenues increased by 11 million SR between the Current first quarter, compared to the same quarter of last year, by 7.3%, which led to an increase in the Percentage of gross profit between the two quarters from 21.5% in the same quarter of last year to 23.3% in the Current first quarter. The increase in revenues is mainly due to the acquisition of the following new projects during the current period compared to the period in the previous year: 1. Operation and maintenance of clinics and medical centers in the Border Guards. 2. College of Dentistry, Majmaa University. 3. Clinics of university colleges - Umm Al-Qura University in Al-Qunfudah, the second Contract. 4. Catering to Dammam Central Hospital and Al Batha. 5. Catering to King Faisal Specialist Hospital in Madinah. 6. Non-medical operation and medical maintenance of King Abdullah Bisha Hospital. The decrease in net profit during the current quarter compared to the same quarter of the previous year is due to the following: • The Increase in Direct, General and administrative costs due to the establishment of a new subsidiary at the end of 2021, "Al-Wateen Air Conditioning and Refrigeration Company", which will operate during the second quarter of 2022. • Expanding the operation in Pharmacies segment by acquiring (13) pharmacies at the end of 2021, where some acquisition and transfer costs were incurred. • The cost of financing and Zakat expense have increased between both quarters by 1.1 million SR and 0.9 million SR, respectively. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is | The reason for the decrease is mainly due to the decrease in revenues of the current quarter compared to the previous quarter by 43 million SR due to the following: • The completion and handover of a project in medical maintenance with total quarterly revenues of 11.6 million SR. • Most of visits by subcontractors and agents for the maintenance of medical equipment and devices are incurred during the 2nd and 4th quarter of 2021 where revenues are recognized during those quarters only. Note that the difference in the value of these revenues amounted to 14.2 million SR in the previous quarter from the current quarter. • Upon obtaining the approval for some specific project related to non-medical operation sector )direct purchase( during the previous quarter, the estimated billing was reconciled and re-booked with amount 7.2 million SR. • Invoicing, completing and supply increases in some projects of the contracting sector with a total of 11.8 million SR due to the completion of most of the works |
| 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 | None |
| Reclassification of Comparison Items | None |
| Additional Information | None |
