| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) |
-
|
-
|
71.49
|
-
|
86.19
|
| Gross profit (loss) |
659.9
|
706.8
|
-
|
362.8
|
81.89
|
| Operational profit (loss) |
211.8
|
232.5
|
-
|
-
|
-
|
| Earning or loss per share, Riyals |
-
|
-
|
-
|
-
|
-
|
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element | EXPLAINATION |
|---|---|
| Reasons of increase (decrease) for quarter compared with same quarter last year | The decrease in net loss is attributable to the increase in quantities produced and sold, despite the lower average sales prices for certain products and higher financial charges. In addition, the other expenses included negative impact of market valuation of foreign exchange hedging and derivative contracts related to one of the subsidiaries in the same quarter of last year. |
| Reasons of increase (decrease) for quarter compared with previous quarter | The decrease in net loss is attributable to the increase in quantities produced and sold despite the lower average sales prices for certain products. In addition the decrease in general, administrative selling and marketing expenses compared to last quarter is attributable to the restructuring of the company organization and implementation of performance and cost improvement programs including the headcount reduction as well as the impairment charges related to non-current assets of one of the subsidiaries included in the previous quarter. |
| Reclassifications in quarterly financial results | Certain corresponding figures for the last year have been reclassified to be aligned with presentation of the current period. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.