Sales/Revenue

241,427

276,669

-12.737

285,222

-15.354

Gross Profit (Loss)

84,640

81,704

3.593

106,160

-20.271

Operational Profit (Loss)

57,114

47,949

19.114

82,878

-31.086

Net Profit (Loss) after Zakat and Tax

55,176

45,457

21.38

77,596

-28.893

Total Comprehensive Income

55,176

45,303

21.793

77,596

-28.893

All figures are in (Thousands) Saudi Arabia, Riyals

Total Share Holders Equity (after Deducting Minority Equity)

1,329,755

1,205,102

10.343

Profit (Loss) per Share

0.78

0.64

All figures are in (Thousands) Saudi Arabia, Riyals

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 increase in the net profit is due to an increase in the net gain on the sale of the vehicles, as more vehicles were sold with improved margin in Q 1 2021 compared to the same quarter last year. The better gain on sale has compensated the decline of lease and rental revenue due to covid-19, which is not yet recovered or normalized due to prevailing restriction.

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 decrease in net profit for the current quarter compared to the previous quarter is mainly because the number of vehicles sold in the current quarter is comparatively lower than the preceding quarter.

Statement of the type of external auditor's report

Unmodified conclusion

Reclassification of Comparison Items

Certain comparative figures have been reclassified to conform to the current period's presentation according to International Financial Reporting Standards (IFRS)