| Incorrect statements in the previous announcement | Income statement figures for the same period of the previous year:Sales/Revenue54,057,356change 100.43%Gross Profit (Loss)26,640,631change 83.4%operating profit (loss)10,283,936Change 67.78Net profit (loss) after zakat and tax9,504,911change 61.78%total comprehensive income9,504,911change 61.78%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.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, 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 increased sales as marketing expenses are directly related to sales for the year and sales have increased, which led to an increase in marketing expenses. Moreover, the salary cost of 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 increaseTotal equity (after excluding minority interest)current period96,942,280The same period last year93,414,246change 3.78% |
| Correct Statement | Income statement figures for the same period of the previous year:Sales/Revenue69,782,759change 55.26%Gross Profit (Loss)32,000,523change 52.68%operating profit (loss)8,949,770Change 92.79%Net profit (loss) after zakat and tax7,497,898Change 105.08%total comprehensive income7,497,898Change %105.08The 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 an amount of 38.56 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.With regard to revenue:Net revenues for the period of the current year increased by 38.56 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, 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. 5.2 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 of sales and marketing increased due to the increase in the number of employees in the department due to new hires of employees in the selling department and due to increases in their annual salaries, which affected the overall increase.Total equity (after excluding minority interest)current period96,540,937The same period last year82,069,626change 17.63% |
