Sumou Real Estate Co. announces its Interim Financial results for the Period Ending on 2025-03-31 ( Three Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 101,490 | 80,966 | 25.348 | 111,881 | -9.287 |
| Gross Profit (Loss) | 28,701 | 21,530 | 33.307 | 24,892 | 15.302 |
| Operational Profit (Loss) | 25,167 | 16,020 | 57.097 | 21,380 | 17.712 |
| Net profit (Loss) | 22,363 | 19,114 | 16.998 | 23,329 | -4.14 |
| Total Comprehensive Income | 22,052 | 19,031 | 15.874 | 50,799 | -56.589 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 630,742 | 555,746 | 13.494 |
| Profit (Loss) per Share | 0.447 | 0.382 | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | The company's revenues increased by 25% for the current quarter compared to the same quarter of the previous year.
The reason for the increase in revenues is attributed to the following:
- A 22% increase in real estate project revenues, as the company developed and implemented new real estate projects and the increase of the percentage of completion.
- An increase in contracting revenues. |
| 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 reason for the increase in revenues is attributed to the following:
- A 22% increase in real estate project revenues, as the company developed and implemented new real estate projects and the increase of the percentage of completion.
- An increase in contracting revenues. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Revenues decreased by 9% compared to the previous quarter, due to lower revenues from real estate projects and contracting revenues. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | Net profit decreased by 4% compared to the previous quarter, mainly due to a decrease in the share of returns on investments accounted for using the equity method, which was offset by a 15% increase in gross profit for the current quarter due to a decrease in revenue costs. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | N/A |
| Reclassification of Comparison Items | Some comparative figures have been reclassified to be consistent with the current period's classifications |
| Additional Information | - |
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