The reason for increase in net profit during the current year compared to the previous year is due to the increase in the quantity of sales which led to an increase in the gross profit, despite inclusion of the previous year's gross profit on the reductions received during the pandemic period, in addition to increase in investment income and decrease in the credit losses provision and Zakat expenses. Despite increase in general and administrative expenses and marketing expenses, which led to a decrease in net profit from main operations, increase in financing expenses and a decrease in other revenues.

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

SASCO - Saudi Automotive Services Co. SJSC published this content on 10 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 March 2022 07:52:00 UTC.