| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) |
3,088,299
|
-
|
-
|
-
|
-
|
| Gross profit (loss) |
10,393,107
|
3,216,678
|
223.1
|
2,557,234
|
306.42
|
| Operational profit (loss) |
2,998,703
|
-
|
-
|
-
|
-
|
| All figures are in Saudi Arabia, Riyals | |||||
| Element | Current period | Similar period for previous year | % Change |
|---|---|---|---|
| Net profit (loss) |
-
|
454,118
|
- |
| Gross profit (loss) |
24,850,341
|
25,864,128
|
- |
| Operational profit (loss) |
-
|
-
|
- |
| Earning or loss per share, Riyals |
-
|
0.02
|
- |
| All figures are in Saudi Arabia, Riyals | |||
| Element | EXPLAINATION |
|---|---|
| Reasons of increase (decrease) for quarter compared with same quarter last year | the main reason for profit is attributed to the increase in sales value by 68%, compared to the equivalent quarter of last year. This was achieved by upgrading sales network. It was also a result of a decrease in the cost of sales, which was in turn, a result of production increase and of improvement of processing techniques. |
| Reasons of increase (decrease) for period compared with same period last year | the main reason for losses is attributed to the increase in cost of sales, which was in turn , a result of low sales that was dictated by fierce competition in the market during the first three quarters of the year. Moreover, other revenues were lower by about SR 3,800,000 during the period. |
| Reasons of increase (decrease) for quarter compared with previous quarter | the main reason for profit is attributed to sales value which was doubled during this quarter, compared to the previous quarter of the same year. Moreover, cost of sales was lower as a result of production increase and of improvement of processing techniques. |
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.