National Gypsum Co. announces its Annual Financial results for the period ending on 2023-12-31

National Gypsum Co. announces its Annual Financial results for the period ending on 2023-12-31

| Element List

|| Explanation

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

|| Cost of sales decreased by 7.92%

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| The reason of the increase (decrease) in the net profit during the current year compared to the last year is

|| Increase in net miscellaneous revenues (investments, compensation for expropriation of Jeddah land) by 953.45%

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| Statement of the type of external auditor's report

|| Unmodified opinion

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| 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)

|| Not Applicable

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| Reclassification of Comparison Items

|| Some comparative year figures have been reclassified to match the classification of the current year's figures and the financial statement notes

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| Additional Information

|| The comprehensive income for the current year (profit) amounted to 5.51 million riyals, compared to (loss) the amount of 12.83 million riyals for the previous year, as a result of the re-evaluation of the investment portfolio. Also, the ownership rights (there are no minority interests) amounted to 362.14 million riyals, compared to 356.63 million riyals for

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The previous year, an increase of 1.55%