| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) |
24.21
|
14.07
|
72.07
|
36
|
-
|
| Gross profit (loss) |
64.88
|
52.58
|
23.39
|
67.22
|
-
|
| Operational profit (loss) |
34.96
|
27.81
|
25.71
|
45.48
|
-
|
| Earning or loss per share, Riyals |
0.2
|
0.12
|
-
|
-
|
-
|
| 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 in the current Quarter compared to the same Quarter of the previous year by SR 16 million and 8%. Such increase is due to increase in sales and rise in the prices of some products during Quarter1 of 2014. This has been reflected positively on the gross profit margin by 4% increase. It is worth to mention that the drop in the profits of the same Quarter of the previous year was due to the allocations of the limited fire incident amounting to SAR 2.9 million which was included in Other Expenses and Revenues item. |
| Reasons of increase (decrease) for quarter compared with previous quarter | Decrease in sales in the current Quarter compared to the Quarter4 of 2013 by SAR 29 million, approximately 11%. Selling and distribution expenses and administrative and general expenses also increased during the current Quarter compared to the previous Quarter due to the reclassification of the cost of certain production items in order to conform to the requirements of the new Accounting Standards of the cost of sales. |
| Other notes | Due to the reclassification of certain items of the production costs during the current Quarter, cost of sales, selling and distribution expenses and administrative and general expenses of the same period of the previous year were reclassified in order to conform to the requirements of the Accounting Standards |
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