| Element | Current year | Previous year | % Change |
|---|---|---|---|
| Net profit (loss) |
283,817
|
310,222
|
-8.51
|
| Earning or loss per share, Riyals |
5.68
|
6.2
|
-
|
| Gross profit (loss) |
581,980
|
563,964
|
3.19
|
| Operational profit (loss) |
280,672
|
280,709
|
-
|
*All figures are in (Thousands) Saudi Arabia, Riyals
| Element | EXPLAINATION |
|---|---|
| Reasons of annual financial results | The decrease of current period net profit compared with the previous year net profit was due to decrease in other revenues due to non-recurring other revenues in previous year in addition there was an increase in selling and marketing expenses, general and administrative expenses and in Zakat expenses. |
| Other notes | The earning per share for comparative periods is re-calculated using the average number of outstanding shares on the date of the financial statements being 50 million shares after share Capital increase. The extraordinary general assembly decided in its meeting held on 27-4-2015 to increase the company share capital from 375 million SAR to 500 million SAR by issuing 12.5 million shares for 125 million SAR, accordingly the total shares issued increased from 37.5 million shares to 50 million shares. |
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