Sales/Revenue

248,300

237,029

4.755

254,603

-2.475

Gross Profit (Loss)

86,875

73,388

18.377

72,431

19.941

Operational Profit (Loss)

64,130

50,260

27.596

54,479

17.715

Net Profit (Loss) after Zakat and Tax

60,272

48,322

24.729

51,713

16.55

Total Comprehensive Income

60,272

48,322

24.729

47,009

28.213

All figures are in (Thousands) Saudi Arabia, Riyals

Total Share Holders Equity (after Deducting Minority Equity)

1,658,721

1,563,243

6.107

Profit (Loss) per Share

0.85

0.68

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 profit is mainly due to significant improvement and demand in the short term rental revenue as well as renewal with additional demand for lease (long term rental) vehicles during this quarter compared to the same quarter last year.

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 increase in the profit is mainly due to improved demand in the short term rental revenue as well as the increase in the lease vehicles (Long Term Rental) during this quarter compared to the previous quarter.

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

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

Additional Information

With reference to note 16 to the condensed consolidated interim financial statements for the period ended 31 March 2021, the Group has reconsidered the prior period’s estimates relating to useful life and the residual value of vehicles. Accordingly, the Group has restated its financial statements for the period ended 31 March 2021.

Following is the impact of restatements on Q1 2021 condensed consolidated interim financial statements:

-decrease in net profit and profit per share from previously reported for the period ended 31 March 2021 by SR 6.854 million and SR 0.1, respectively.

-The net impact of restatements resulted in an increase of equity previously reported as of 31 March 2021 by SR 233.488 million.