| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) |
40,980,045
|
128,264,253
|
-
|
239,193,555
|
-
|
| Gross profit (loss) |
225,757,704
|
437,894,285
|
-
|
543,672,356
|
-
|
| Operational profit (loss) |
50,118,963
|
238,420,456
|
-
|
365,290,308
|
-
|
| All figures are in Saudi Arabia, Riyals | |||||
| Element | Current period | Similar period for previous year | % Change |
|---|---|---|---|
| Net profit (loss) |
280,173,600
|
374,315,717
|
- |
| Gross profit (loss) |
769,430,060
|
929,463,893
|
- |
| Operational profit (loss) |
415,409,271
|
574,266,239
|
- |
| Earning or loss per share, Riyals |
0.3
|
0.4
|
- |
| All figures are in Saudi Arabia, Riyals | |||
| Element | EXPLAINATION |
|---|---|
| Reasons of increase (decrease) for quarter compared with same quarter last year | Net profit decreased due to decrease in Ma'aden Phosphate Company net profit due to lower amounts of ammonia sold as a result of technical maintenance shutdown of ammonia plant , as well as decrease in Ma'aden Gold Company net profit due to lower average gold price during this period. |
| Reasons of increase (decrease) for period compared with same period last year | Net profit decreased due to decrease in Ma'aden Gold Company net profit due to decrease in the volume of gold ounces sold as the first quarter of the previous year included volume of gold related to prior years due to a delay in renewal of sales contract with gold refinery. |
| Reasons of increase (decrease) for quarter compared with previous quarter | Net profit decreased due to decrease in Ma'aden Phosphate Company net profit due to lower amounts of ammonia sold as a result of technical maintenance shutdown of ammonia plant |
| Reclassifications in quarterly financial results | Certain items have been reclassified in the statement of financial position for the period ended June 30, 2012 to make it consistent with the presentation of the statement of financial position of current period. This change has no financial impact on net assets for the current and prior period. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.