| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) |
-
|
405,504,605
|
-
|
1,431,412,594
|
-
|
| Gross profit (loss) |
360,682,400
|
944,353,206
|
-
|
396,489,611
|
-
|
| Operational profit (loss) |
111,789,360
|
691,963,331
|
-
|
97,616,623
|
14.52
|
| All figures are in Saudi Arabia, Riyals | |||||
| Element | Current period | Similar period for previous year | % Change |
|---|---|---|---|
| Net profit (loss) |
1,682,378,450
|
1,090,943,970
|
54.21 |
| Gross profit (loss) |
1,575,361,667
|
2,594,226,310
|
- |
| Operational profit (loss) |
673,574,850
|
1,761,033,930
|
- |
| Earning or loss per share, Riyals |
1.82
|
1.18
|
- |
| 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 Maaden Phosphate Company net profit resulting from decreases in average realized prices of DAP and Ammonia despite of higher quantities sold, as well as decrease in Ma'aden Gold Company net profit due to lower average gold price and quantity sold during the period |
| Reasons of increase (decrease) for period compared with same period last year | Net profit Increased due to Increase in other income resulting from the receipt of contractual dues from joint venture partners i.e. Mosaic & Sabic in the amount of SR 1.44 billion as a result of the Shareholders Agreement to develop jointly a fully integrated, world-class phosphate production facility at the King Abdullah Project for the development of Waad Al Shamal Mineral Industrial City. |
| Reasons of increase (decrease) for quarter compared with previous quarter | Net profit decreased due to the decline in prices of both DAP and Ammonia despite higher quantities of DAP and Ammonia sold during the quarter, compared to previous quarter in which we received contractual dues from joint venture partners i.e. Mosaic & Sabic in the amount of SR 1.44 billion as a result of the Shareholders Agreement to develop jointly a fully integrated, world-class phosphate production facility at the King Abdullah Project for the development of Waad Al Shamal Mineral Industrial City. |
| Reclassifications in quarterly financial results | Certain comparative figures have been reclassified to make it consistent with the presentation of the current period. This change has no financial impact on net assets for the current and prior period. |
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