| 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 decrease in revenue during the current quarter compared to the same quarter of the previous year is primarily attributed to the seasonal impact of Ramadan and intensified discounting activities by competitors, which resulted in lower customer conversion rates. |
| 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 net loss in the current quarter is driven by lower gross margins, impacted by a reduced share of private label brands and a shift in categories’ sales mix, alongside higher operating expenses associated with the strategic expansions. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is |
Revenue declined quarter-over-quarter due to post-Ramadan seasonality, intensified competition, and temporary delays in private label stock availability, which impacted overall sales volumes. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is |
Compared to Q1, the net loss in Q2 was driven by lower revenue, due to the lower conversion rate as well as continued investment in warehousing and offline expansion and increased administrative costs from strategic hiring. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is |
H1 revenue grew year-over-year, driven by geographic expansion, broader product assortment, offline channel growth, and strengthened logistics capabilities. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is |
Despite top-line growth, H1 net profit declined year-over-year, primarily due to gross margin compression caused by reducing the private label share, change in category mix and increased operating expenses driven by warehouse expansion, strategic talent acquisition, and elevated marketing and administrative spend. |
| 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 |
EPS is Restated |
| Additional Information |
- |
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