| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) |
-
|
320.8
|
-
|
97.7
|
-
|
| Gross profit (loss) |
706.8
|
1,300
|
-
|
765.4
|
-
|
| Operational profit (loss) |
232.5
|
829.6
|
-
|
389.9
|
-
|
| Earning or loss per share, Riyals |
-
|
0.48
|
-
|
-
|
-
|
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element | EXPLAINATION |
|---|---|
| Reasons of increase (decrease) for quarter compared with same quarter last year | Reported loss is attributable to the lower sales prices for products despite the increase in the quantities produced and sold. In addition, the other expenses which represent the negative market valuation of foreign exchange hedge and drivatives contracts which transacted by one of the group subsidiaries with some of the local banks to reduce the risk to foreign exchange exposure. |
| Reasons of increase (decrease) for quarter compared with previous quarter | Reported loss is attributable to the lower sales prices for products. In addition, the other expenses which represent the negative market valuation of foreign exchange hedge and derivatives contracts which transacted by one of the group subsidiaries with some of the local banks to reduce the risk to foreign exchange exposure. |
| Reclassifications in quarterly financial results | some corresponding figures for the last period have been reclassified to be aligned with the presentation of the current period. |
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