| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) |
15.86
|
0.04
|
39,550
|
24.21
|
-
|
| Gross profit (loss) |
46.57
|
34.91
|
33.4
|
64.88
|
-
|
| Operational profit (loss) |
21.77
|
9.7
|
124.43
|
34.96
|
-
|
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element | Current period | Similar period for previous year | % Change |
|---|---|---|---|
| Net profit (loss) |
40.07
|
14.11
|
183.98 |
| Gross profit (loss) |
111.45
|
87.49
|
27.39 |
| Operational profit (loss) |
56.73
|
37.5
|
51.28 |
| Earning or loss per share, Riyals |
0.33
|
0.12
|
- |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element | EXPLAINATION |
|---|---|
| Reasons of increase (decrease) for quarter compared with same quarter last year | The total sales of the current quarter increased by about SAR 45 million i.e. 25% as compared to corresponding quarter of last year. It is worth to mention that the drop in the profits of the same Quarter of the last year was due to the Schedule turnaround of Methanol and DMF plants and implementation of cut off sales procedure in compliance to IFRS. |
| Reasons of increase (decrease) for period compared with same period last year | The total sales of the current period increased by about SAR 61 million i.e. 15% as compared to corresponding period of last year. It is worth to mention that the drop in the profits of the same period of the last year was due to the Schedule turnaround of Methanol and DMF plants and implementation of cut off sales procedure in compliance to IFRS. |
| Reasons of increase (decrease) for quarter compared with previous quarter | The sales of the current quarter of 2014 decreased by SAR 9 million i.e. 4% as compared to the previous quarter due to the unplanned shutdown of Methanol and DMF plants in April 2014 as announced on TADAWUL website on 20/04/2014 |
| Other notes | Due to the reclassification of certain items of the production costs during second Quarter and current period, 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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