| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) |
0.04
|
25.83
|
-
|
14.07
|
-
|
| Gross profit (loss) |
33.69
|
62.8
|
-
|
51.38
|
-
|
| Operational profit (loss) |
9.7
|
37.6
|
-
|
27.81
|
-
|
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element | Current period | Similar period for previous year | % Change |
|---|---|---|---|
| Net profit (loss) |
14.11
|
51.08
|
- |
| Gross profit (loss) |
85.07
|
124.74
|
- |
| Operational profit (loss) |
37.5
|
74.55
|
- |
| Earning or loss per share, Riyals |
0.12
|
0.42
|
- |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element | EXPLAINATION |
|---|---|
| Reasons of increase (decrease) for quarter compared with same quarter last year | Out of the decrease of SAR 66 million in sales volume, around 47 million was due to shut down of two factories (Methanol and DMF) to perform scheduled periodic maintenance which had already been announced in Tadawul on 30/4/2013. The remaining 19 million was due to the adjustment in the cut off sales. During the current quarter, we amortized SR 869,000 and the remaining 30.4 million shall be amortized over a period of 35 months. |
| Reasons of increase (decrease) for period compared with same period last year | Out of the decrease of SAR 66 million in sales volume, around 47 million was due to shut down of two factories (Methanol and DMF) to perform scheduled periodic maintenance which had already been announced in Tadawul on 30/4/2013. The remaining 19 million was due to the adjustment in the cut off sales. During the current quarter, we amortized SR 869,000 and the remaining 30.4 million shall be amortized over a period of 35 months. In addition to the fire in one of the production lines of concrete and improvers plant that has been announced in the first quarter of the year |
| Reasons of increase (decrease) for quarter compared with previous quarter | Out of the decrease of SAR 66 million in sales volume, around 47 million was due to shut down of two factories (Methanol and DMF) to perform scheduled periodic maintenance which had already been announced in Tadawul on 30/4/2013. The remaining 19 million was due to the adjustment in the cut off sales. During the current quarter, we amortized SR 869,000 and the remaining 30.4 million shall be amortized over a period of 35 months. |
| Other notes | The regular maintenance was successful, according to the plan and in time will enhance the company ability to achieve higher efficiency and productivity to deliver better results in the coming period. The shutdown did not affect the company cash flows is evident from the fact that cash flows was around SAR 122 million Riyals as compared to SAR 98 million for the same period, last year. Of the total revenue generated in the second quarter, non-operating profits amounted to SAR 1.2 million representing NET amendment in provision and proceeds from the sale of scrap materials and currency differences. |
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