| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | Consumer finance Portfolio of United Company for Financial Services grew by 25% vs. same quarter last year, which led to increase in The Company’s revenue in Q3 by 22.3% vs. same quarter last year. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | Consumer finance portfolio of United Company for Financial Services grew by 25% vs. same quarter last year. The Portfolio growth came through its shariaa compliant financing solutions, which being offered by The Company, which led to increase in The Company’s revenue by 22.3% vs. same period of last year. That impacted the growth of The Company’s net profit by 11.1% vs. same Quarter last year, despite of an increase in the SG&A through the current quarter. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Consumer finance Portfolio of United Company for Financial Services grew by 6.9% vs. prevoius quarter, which led to increase in The Company’s revenue in Q3 by 7.9% vs. prevoius quarter. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | Consumer finance Portfolio of United Company for Financial Services grew by 6.9% vs. prevoius quarter, which led to increase in The Company’s revenue in Q3 by 7.9% vs. prevoius quarter. In addition to decrease of expected credit loss provisions vs. prevoius quarter, which contributed to growth of The Company’s net profit by 25.9% vs. prevoius quarter, despite increase of The SG&A |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | Consumer finance Portfolio of United Company for Financial Services grew by 20% vs. same period of last year, which led to increase in The Company’s revenue through the period by 17.7% vs. same period last year. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | Consumer finance portfolio of The United Company for Financial Services grew by 20% vs. same period last year. The Portfolio growth came through its shariaa compliant financing solutions, which being offered by The Company, which led to increase in The Company’s revenue by 17.7% vs. same period of last year. However, due to increase of expected credit loss provisions, and increase of SG&A through the current period, The Company’s net profit slightly grew by 0.8% through the period vs. same period of last year, to total SAR 158.1m vs. SAR 156.8m for same period last year. |
| Statement of the type of external auditor’s report | Unmodified conclusion |
| 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) | None |
| Reclassification of Comparison Items | None |
| Additional Information | – |
