| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) |
37.76
|
50.18
|
-
|
2.17
|
1,640.09
|
| Gross profit (loss) |
109.34
|
136.74
|
-
|
47.46
|
130.38
|
| Operational profit (loss) |
89.76
|
117.2
|
-
|
29.28
|
206.56
|
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element | Current period | Similar period for previous year | % Change |
|---|---|---|---|
| Net profit (loss) |
39.94
|
33.35
|
19.76 |
| Gross profit (loss) |
156.81
|
151.79
|
3.31 |
| Operational profit (loss) |
119.04
|
113.91
|
4.5 |
| Earning or loss per share, Riyals |
0.58
|
0.48
|
- |
| 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 profit during Q2 2016 as compared to same quarter of 2015 is mainly due to decrease in polypropylene market prices despite higher sales quantities and lower feedstock prices. |
| Reasons of increase (decrease) for period compared with same period last year | The Increase in Net profit during this period compared to previous period is mainly due to the higher sales quantities. During 2015 production/sales were low due to the turnaround/shutdown activities during first quarter of 2015. |
| Reasons of increase (decrease) for quarter compared with previous quarter | The net profit in Q2 2016 increased compared to Q1 2016 mainly due to the higher sales quantities and better selling prices. The production and sales were low in Q1 2016 due to the unplanned shutdown of the plant. |
| Reclassifications in quarterly financial results | Certain reclassifications were made in comparative numbers to conform to 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.