| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) |
22.01
|
25.16
|
-
|
0.04
|
54,925
|
| Gross profit (loss) |
57.22
|
58.72
|
-
|
33.69
|
69.84
|
| Operational profit (loss) |
33.7
|
35.51
|
-
|
9.7
|
247.42
|
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element | Current period | Similar period for previous year | % Change |
|---|---|---|---|
| Net profit (loss) |
36.12
|
76.24
|
- |
| Gross profit (loss) |
142.28
|
183.46
|
- |
| Operational profit (loss) |
71.2
|
110.06
|
- |
| Earning or loss per share, Riyals |
0.3
|
0.63
|
- |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element | EXPLAINATION |
|---|---|
| Reasons of increase (decrease) for quarter compared with same quarter last year | Due to minor decreases in sales for the current quarter compared to the same quarter of the previous year by 1.7% amount of SR 3.8 million. As well as the increase in Zakat payable by 70% amount of SR 691. Additionally SR 2.6 million amortized during the current quarter from the major shutdown expenses |
| Reasons of increase (decrease) for period compared with same period last year | Decrease in sales for the current period compared to the same period last year of SR 83 million and 12%, mainly due to shutdown of methyl dimethyl formamide and methanol during the second quarter of the financial year 2013 to conduct scheduled maintenance as declared on 30/04/2013. Additionally to the cut-off date of sales which caused to reduce the sales by SR19 million during 2nd quarter. As well as the fire in one of the production lines of SNF which has been announced in the first quarter of this year, It also included SR 3.5 million amortized during the current period of shutdown expenses. |
| Reasons of increase (decrease) for quarter compared with previous quarter | Mainly due to the increase in sales by 24% and improved performance and operational efficiency with the production capacity about 98% which is the highest level during the financial year. |
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