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

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

|Element List||Current Year||Previous Year||%Change|

|Sales/Revenue||1,616.7||1,757.6||-8.02|

|Gross Profit (Loss)||416.4||578.7||-28.05|

|Operational Profit (Loss)||-95.4||123.4||-|

|Net profit (Loss)||-132.6||10.1||-|

|Total Comprehensive Income||-154.4||-160.6||-3.86|

|Total Share Holders Equity (After Deducting the Minority Equity)||1,083.5||1,237.9||-12.47|

|Profit (Loss) per Share||-1.05||0.08|

|All figures are in (Millions) Saudi Arabia, Riyals|

|Element List||Amount||Percentage of the capital (%)|

|Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value||-||-|

|Accumulated Losses||-160.2||-12.7|

|All figures are in (Millions) Saudi Arabia, Riyals|

|Element List||Explanation|

|The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year|| The reason for the decrease in sales during this year compared to the previous year is due to:

|

1) Decrease in the company’s sales in the Kingdom of Saudi Arabia.

2) Despite an increase in the sales of one of the subsidiary companies in Egyptian pounds in the Arab Republic of Egypt, sales in Saudi riyals decreased as a result of the decline in the exchange rate of the Egyptian pound.

3) Subsidiaries companies incurred unusual one-time expenses as a result of changing some policies, which had an impact on sales recorded during the year.

|The reason of the increase (decrease) in the net profit during the current year compared to the last year is||The reason for achieving a net loss compared to a net profit during the previous year is the