| Element | Current year | Previous year | % Change |
|---|---|---|---|
| Net profit (loss) |
72.12
|
91.43
|
-21.12
|
| Earning or loss per share, Riyals |
0.6
|
0.76
|
-
|
| Gross profit (loss) |
209.5
|
217.45
|
-3.66
|
| Operational profit (loss) |
116.68
|
119.89
|
-2.68
|
*All figures are in (Millions) Saudi Arabia, Riyals
| Element | EXPLAINATION |
|---|---|
| Reasons of annual financial results | Decrease in sales for the current period compared to the same period of the previous year by approximately SR 47 million around 5%. Such decrease is 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, 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, 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, and the amortization of about SR 6.1 million of the periodic maintenance expenses. |
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