Jaco’s profits fell by 59.3% to 4.17 million riyals in 2025
Qassim Holding Investment Company’s profits declined "Jaco" In 2025, by 59.3%, to 4.17 million riyals, compared to 10.23 million riyals in 2024.
According to the company’s statement on the website "Saudi Arabia trading"The reason for the decrease in net profit during the current year compared to the previous year is due to recording non-recurring revenues from government grants during the previous year that are not present in the current year.
The reasons included: recording capital losses from the exclusion of investment properties, property, machinery and equipment compared to recording capital gains from the same item during the previous year.
The reasons included: a decrease in activity revenues and other revenues and an increase in general administrative expenses, in addition to a decrease in the value of reversing the decrease in the value of investment properties during the current year compared to the previous year. Previous.
This came despite the positive impact of the following items:
• Reduced allowance for expected credit losses.
• Refund of zakat provision for previous years.
• Low cost of revenue.
• Increase in the value of dividends and revaluation of financial assets at fair value through profit or loss.
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