| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) |
56.96
|
10.61
|
436.85
|
34.94
|
63.02
|
| Gross profit (loss) |
110.98
|
64.47
|
72.14
|
102.07
|
8.73
|
| Operational profit (loss) |
90.76
|
46.38
|
95.69
|
83.61
|
8.55
|
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element | Current period | Similar period for previous year | % Change |
|---|---|---|---|
| Net profit (loss) |
76
|
34.56
|
119.91 |
| Gross profit (loss) |
232.4
|
205.75
|
12.95 |
| Operational profit (loss) |
174.5
|
150.14
|
16.22 |
| Earning or loss per share, Riyals |
1.1
|
0.5
|
- |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element | EXPLAINATION |
|---|---|
| Reasons of increase (decrease) for quarter compared with same quarter last year | Mainly due to the insurance compensation of SR 75 million received by NATPET against its claim for PDH plant crash shutdown in the third quarter of 2011. The settlement comprises of SR 24.78 million pertaining to capital repairs and the balance of SR 50.22 million to compensate for the loss of profit arising from lower production until final repairs were carried out. The selling prices were also very high during the Q3 2013 though the sales quantities were low. The general & administrative expenses increased by SR 3.19 million during 3rd quarter 2013 mainly due to the increase in legal and other consultancies incurred for re-financing activities |
| Reasons of increase (decrease) for period compared with same period last year | Mainly due to the receipt of insurance compensation as stated above. The selling prices were also high during 2013 compared to 2012 though the sales quantities were low, the sales quantities during 1st quarter 2013 were very low due to the planned shutdown and screen cleaning process of the plant during the period. The general & administrative expenses increased by SR 3.98 million during 2013 mainly due to the increase in legal and other consultancies incurred for re-financing activities, corporate expenses and travelling. Sales & marketing expenses have slightly decreased due to lower warehouse management cost because of lower sales in 2013 compared to 2012 |
| Reasons of increase (decrease) for quarter compared with previous quarter | Mainly due to the receipt of insurance compensation as stated above. The selling prices were also high during Q3 2013 compared to Q2 2013 though the sales quantities were low. The general & administrative expenses increased by SR 2.18 million during 3rd quarter 2013 mainly due to the increase in legal and other consultancies incurred for re-financing activities |
| Reclassifications in quarterly financial results | Certain reclassifications were made in comparative numbers to conform to the current period |
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