| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) |
270,009,594
|
370,791,562
|
-
|
260,927,568
|
3.48
|
| Gross profit (loss) |
765,774,198
|
758,337,678
|
0.98
|
615,809,484
|
24.35
|
| Operational profit (loss) |
472,709,076
|
501,511,717
|
-
|
387,044,341
|
22.13
|
| All figures are in Saudi Arabia, Riyals | |||||
| Element | Current period | Similar period for previous year | % Change |
|---|---|---|---|
| Net profit (loss) |
530,937,126
|
495,975,210
|
7.05 |
| Gross profit (loss) |
1,381,583,682
|
1,154,588,116
|
19.66 |
| Operational profit (loss) |
859,753,417
|
693,544,715
|
23.97 |
| Earning or loss per share, Riyals |
0.45
|
0.51
|
- |
| All figures are in Saudi Arabia, Riyals | |||
| Element | EXPLAINATION |
|---|---|
| Reasons of increase (decrease) for quarter compared with same quarter last year | Decreased prices of Aluminum, Ammonia and Gold products as well as the increase in Cost of Sales and Selling, marketing & logistic expenses as a result of higher sales in addition to the increase in General and administrative expenses, Financial Charges, Net loss of a jointly controlled entity, decrease in Other Income and the increase of Zakat provision. In spite of the increase in short-term investments and the decrease in Exploration expenses. |
| Reasons of increase (decrease) for period compared with same period last year | Sales growth resulted from the increased quantities sold of all products except for Ammonia, and the increase in DAP and Aluminum prices in spite of the decrease in Gold and Ammonia prices. The reason is also due to a decrease in Exploration expenses and an increase in Income from short-term investments. All that is in spite of the increase in Cost of Sales, Financial Charges, Selling, marketing & logistic expenses, General and administrative expenses as well as the increase in Net loss of a jointly controlled entity and the increase of Zakat provision |
| Reasons of increase (decrease) for quarter compared with previous quarter | Sales growth resulted from the increased quantities sold of all products except for Aluminum in spite of the decreased prices of all products except for DAP in addition to the decrease in Financial Charges. The Net Income was reduced by the Increase in Cost of Sales, Selling, marketing & logistic expenses, General and administrative expenses, decrease in Other Income and Income from short-term investments in addition to the increase in Net loss of a jointly controlled entity and the increase of Zakat provision |
| Reclassifications in quarterly financial results | Certain comparative figures of the previous period / quarter / year have been reclassified, wherever necessary, to conform with the current periods / quarters presentation. Such reclassifications did not affect either the net worth or the net income of the Group for the previous period / quarter / year |
| Other notes | The Company has calculated the earnings per ordinary share for the current period based on the total number of issued shares amounting to 1,168,478,261 shares and Has also re-calculated the earnings per ordinary share for the similar period of prior year based on the weighted average number of the issued shares amounting to 970,791,589 shares due to the increase in the companys Share Capital during November 2014 resulting in an increase in the number of shares issued from 925 million shares to 1,168 million shares in accordance with the accounting standards issued by the Saudi Organization for Certified Public Accountants and the accounting policies adopted by the Company. |
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.