| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) |
123.4
|
-
|
-
|
122.2
|
0.98
|
| Gross profit (loss) |
1,004.1
|
284.2
|
253.31
|
922.1
|
8.89
|
| Operational profit (loss) |
611.8
|
-
|
-
|
444.6
|
37.61
|
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element | Current period | Similar period for previous year | % Change |
|---|---|---|---|
| Net profit (loss) |
254.6
|
-
|
- |
| Gross profit (loss) |
3,431.6
|
2,212.7
|
55.09 |
| Operational profit (loss) |
1,631.9
|
-
|
- |
| Earning or loss per share, Riyals |
0.38
|
-
|
- |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element | EXPLAINATION |
|---|---|
| Reasons of increase (decrease) for quarter compared with same quarter last year | The reported profit is attributable to the improvement in operational performance, increase in sales volumes and decrease in general, administrative and marketing expenses, although the other income decreased. Note that an impairment charge related to non-current assets was recorded in the same quarter of last year. |
| Reasons of increase (decrease) for period compared with same period last year | The reported profit is attributable to the improvement in operational performance, increase in sales volumes and decrease in general, administrative and marketing expenses and increase in other income despite an increase in financial cost . Note that the impact of the negative fair value of hedging and derivative contracts which were entered into by a subsidiary with several local banks to hedge against foreign currency exposure risk as well as an impairment charge to non-current assets were recorded in the same period of last year. |
| Reasons of increase (decrease) for quarter compared with previous quarter | The increase in Net income for the quarter is attributable to the improvement in operational performance, increase in sales volumes and decrease in general and administrative expenses, despite decrease in other income and increase in Zakat provision. |
| Reclassifications in quarterly financial results | Certain corresponding figures for the last year have been reclassified to be aligned with presentation of the current period. |
| Other notes | The sales for the quarter ended 31 December, 2016 amounted to SAR 3.95 billion compared to the same quarter last year of SAR 3.43 billion an increase of 15%. The sales for the period ended 31 December, 2016 amounted to SAR 15.21 billion compared to the same period last year of SAR 15.15 billion, a decrease of 0.4%. The total shareholders' equity (before non-controlling interest ) at 31 December, 2016 amounted to SAR 8.10 billion compared to SAR 7.97 billion audited FS at 31 December, 2015, an increase of 1.6%. |
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