Naqi Water Co. announces its Interim Financial results for the Period Ending on 2024-03-31 ( Three Months )

Naqi Water Co. announces its Interim Financial results for the Period Ending on 2024-03-31 ( Three Months )

| Element List

|| Explanation

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| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is

|| Sales decreased by 5.9% compared to the same quarter of the previous year. The reason for this decline is attributed to the company's strategic focus on expanding retail sales through the establishment of new branches in various regions of the kingdom, which affected the wholesale sales value. However, the company managed to increase the value of retail sales by 11% compared to the same quarter of the previous year. This increase can be attributed to the growth of retail sales in the company's branches, supported by its two new branches in Jeddah and the Eastern Province.

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| 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 company's profits have decreased in the current quarter compared to the same quarter of the previous year due to a decline in sales and an increase in expenses related to the expansion of retail branches throughout the country. Additionally, there were expenses associated with the industrial expansion of new production sites