| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) |
36
|
15.19
|
137
|
22.01
|
63.56
|
| Gross profit (loss) |
67.22
|
49.58
|
35.58
|
57.22
|
17.48
|
| Operational profit (loss) |
45.48
|
25.79
|
76.35
|
33.7
|
34.96
|
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element | Current period | Similar period for previous year | % Change |
|---|---|---|---|
| Net profit (loss) |
72.12
|
91.43
|
- |
| Gross profit (loss) |
209.5
|
233.04
|
- |
| Operational profit (loss) |
116.68
|
135.85
|
- |
| Earning or loss per share, Riyals |
0.6
|
0.76
|
- |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element | EXPLAINATION |
|---|---|
| Reasons of increase (decrease) for quarter compared with same quarter last year | Increase in sales for the current quarter compared to the same period of the previous year by SR 37 and 17%. Such increase resulted from increase in the quantity sold and that coincided with rise in the prices of some sold items. |
| Reasons of increase (decrease) for period compared with same period last year | Decrease in sales for the current period (twelve months) compared to the same period of the previous year by 47 Million; approximately 5%. Due to the shutdown of the Methanol & Dimethylformamide plants during the second quarter of the financial year 2013 to conduct the scheduled periodic maintenance as announced by the Company on 30/4/2013. In addition to the modification of the sales approval measures starting from the second quarter of the current year to be in conformity with the Accounting Standards resulted in decrease in sales by almost SR 13 million by the end of the period. And to the limited fire incident which took place in one of the production lines of SNF plant which was announced during the first quarter of the current year. Moreover, the amortization of about SR 6.1 million of the periodic maintenance expenses. |
| Reasons of increase (decrease) for quarter compared with previous quarter | Increase in sales for the current period in comparison with the third quarter of 2013 by SR 40 million, approximately 18% resulted from increase in sold quantity and coincided with rise in the prices of some sold items. |
| Other notes | The periodic maintenance procedures have enhanced the operational efficiency and the productivity of the Company, and thus, the Company performance has reflected positively on the volume of production and sales during the fourth quarter of the financial year 2013. |
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