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

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

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

|Sales/Revenue||188,403,128||147,073,483||28.1|

|Gross Profit (Loss)||89,762,028||54,824,409||63.73|

|Operational Profit (Loss)||44,138,521||30,051,048||46.88|

|Net profit (Loss)||40,601,961||27,927,936||45.38|

|Total Comprehensive Income||40,692,754||28,395,630||43.31|

|Total Share Holders Equity (After Deducting the Minority Equity)||109,759,126||71,621,024||53.25|

|Profit (Loss) per Share||12.33||7.8|

|All figures are in (Actual) 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 (Actual) 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 increase in revenues during the current year compared to last year is mainly due to an increase in the company's activity and sales.|

|The reason of the increase (decrease) in the net profit during the current year compared to the last year is|| "Net profit increased by 45.4%, reaching 40,601,961 Saudi riyals in the fiscal year 2023, compared to 27,927,936 Saudi riyals in the fiscal year 2022. This increase in net profit was driven mainly by the following:

|

- Higher revenue, which grew by 28.1% reaching 188,403,128 Saudi riyals in fiscal year 2023 compared to 147,073,483 Saudi riyals in fiscal year 2022.

- Gross profit increased by 63.7% reaching 89,762,028 Saudi riyals in fiscal year 2023, resulting in a gross profit margin of 47.6%, an increase compared to the 37.3% achieved in