News

Enma Alrawabi Co. announces its Interim Financial results for the period ending on 30/06/2024 (Six Months)

08/18/2024

Explanation Element List
First Reporting period
01/01/2024 Current Start Date:
30/06/2024 Current End Date:
Saudi Arabia , Riyals Description of presentation currency:
Actual Level of rounding for monetary values:
Enma Alrawabi Co. announces its Interim Financial results for the period ending on 30/06/2024 (Six Months) Announcement Title
 
%Change Similar period for previous year Current Period Element List
321.978 21515055 90788967 Sales/Revenue
226.175 12200907 39796404 Net profit (Loss)
9.226 536524390 586023048 Total Shareholders Equity (after Deducting Minority Equity)
  0.31 0.99 Profit (Loss) per Share
 
Percentage of the capital (%) Amount Element List
0% 0 Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value

 
 
Explanation Element List
Total revenues increased by 321.978%, mainly due to:
  1. Increase in rental revenues as a result of increases in rental contracts and initiation of rental contracts for units in new projects.
  2. Increase revenues from sale real estates.
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is
The increase in net profit by 226.175% due to:
  1. Increase in gross profit by 179.452% to reach SAR. 44,760,045
  2. Increase in bank returns from investments in accordance with the provisions of Islamic Sharia amounting to SAR. 1,299,729.
This came despite the increase in general and administrative expenses, and the increase in the provision for expected credit losses.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is
Unmodified conclusion Statement of the type of external auditor's report
NA Reclassification of Comparison Items
We would like to draw the attention of our valued shareholders to the fact that the interim financial statements for the period ending 30 June 2024 will be available through the company’s website after being sent to the relevant authorities. Additional Information