| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) |
20,094,913
|
3,073,768
|
553.76
|
42,107,726
|
-
|
| Gross profit (loss) |
162,983,730
|
136,470,815
|
19.43
|
181,609,833
|
-
|
| Operational profit (loss) |
5,494,788
|
-
|
-
|
42,423,798
|
-
|
| All figures are in Saudi Arabia, Riyals | |||||
| Element | Current period | Similar period for previous year | % Change |
|---|---|---|---|
| Net profit (loss) |
62,202,639
|
66,137,727
|
- |
| Gross profit (loss) |
344,593,563
|
321,430,107
|
7.21 |
| Operational profit (loss) |
47,918,586
|
43,192,095
|
10.94 |
| Earning or loss per share, Riyals |
0.84
|
0.89
|
- |
| All figures are in Saudi Arabia, Riyals | |||
| Element | EXPLAINATION |
|---|---|
| Reasons of increase (decrease) for quarter compared with same quarter last year | Net profit increase in general due to:A) Increase in Gross Profit mainly in the following sectors:i) Power and Steel industries sector mainly due to lower production costsii) Pharmaceuticals sector mainly due to higher sales |
| Reasons of increase (decrease) for period compared with same period last year | Net profit decrease in general due to:A) Increase in other expenses mainly resulting from currency exchange losses in the following sectors:i) Specialty Chemicals sector ii) Pharmaceuticals sector While noting that there is improvement in gross margins |
| Reasons of increase (decrease) for quarter compared with previous quarter | Net profit decrease in general due to:A) Decrease in Gross Profit resulting from lower sales mainly in the following sectors:i) Power and Steel Industries sectorii) Specialty Chemicals sectorB) Decrease in Operating Income mainly from Pharmaceuticals sector due to higher marketing expenses. |
| Reclassifications in quarterly financial results | Certain comparative figures for the previous period have been reclassified to be consistent with the presentation of the current period. |
| Other notes | During the period, the Extraordinary General Assembly, in its annual meeting held on 9 Rajab 1436H (corresponding to 28 April 2015), has resolved to increase the share capital by SR 58,823,530 from the retained earnings (by issuing five bonus shares for every 63 shares held). The legal formalities are still in process as at the balance sheet date. Earnings per share has been calculated for this period and comparative period of last year based on number of shares 74,117,647 |
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