|Increase (Decrease) in Net Profit for Current Period Compared to Previous Period is Attributed to
|The reason for the increase in net profit during this period of this year compared to the same period of the previous year is due to the increase in sales of medical supplies and devices by 54.28 million riyals. This increase resulted from the company’s acquisition of a larger market share thanks to the company’s participation in local and international conferences, making more efforts to advertise and marketing its products, and appointing new employees in the sales and marketing departments to cover more and respond quickly to customers.
|Statement of the type of external auditor’s report
|Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion
|There is None
|Reclassification of Comparison Items
|There is no reclassification of comparative figures
|With regard to revenue:Net revenues for the period of the current year increased by 54.28 million Saudi riyals. The increase is mainly due to increased sales of medical supplies and equipment. This increase resulted from the company’s acquisition of a larger market share, as well as thanks to the company’s participation in local and international conferences and making more efforts to advertise and market its products.Marketing and selling expenses:The increase in selling and marketing expenses is mainly due to an increase in marketing expenses of approx. 8.2 million Saudi riyals as a result of the increase in sales as marketing expenses are directly related to sales for the year and sales have increased which led to an increase in marketing expenses. Furthermore, the salary cost for sales and marketing increased due to the increase in the number of employees in the department due to the new hires of employees in the sales department and due to increases in their annual salaries, which affected the overall increase