| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) |
0.15
|
4.71
|
-
|
3.74
|
-
|
| Gross profit (loss) |
4.45
|
9.94
|
-
|
9.4
|
-
|
| Operational profit (loss) |
1.26
|
5.72
|
-
|
4.39
|
-
|
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element | Current period | Similar period for previous year | % Change |
|---|---|---|---|
| Net profit (loss) |
8.58
|
12.73
|
- |
| Gross profit (loss) |
23.24
|
27.97
|
- |
| Operational profit (loss) |
10.54
|
14.76
|
- |
| Earning or loss per share, Riyals |
0.75
|
1.11
|
- |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element | EXPLAINATION |
|---|---|
| Reasons of increase (decrease) for quarter compared with same quarter last year | The total revenue is lower compared to same quarter of last year due to a decrease in demand of the major clients as a result of declining local and regional markets, in addition to lower selling prices due to lower prices of raw materials resulted from lower oil prices as well as an increase in the zakat provision. |
| Reasons of increase (decrease) for period compared with same period last year | The total revenue is lower compared to same quarter of last year due to a decrease in demand of the major clients as a result of declining local and regional markets, in addition to lower selling prices due to lower prices of raw materials resulted from lower oil prices. |
| Reasons of increase (decrease) for quarter compared with previous quarter | The total revenue is lower due to lower demand of the major clients as a result of declining local and regional markets, as well as increase in zakat provision in spite of decrease in selling & Marketing expenses and G&A expenses. |
| Reclassifications in quarterly financial results | Certain comparative figures have been reclassified to cope up with the current period's presentation. |
| Other notes | The total revenue of current quarter is SR 30.7 million whereas the total revenue of the same quarter of last year is SR 47.8 million which is a decrease of 36 %, while The total revenue for the current period is SR 120.2 million, compared to the same period of last year which was SR 150.1 million, with a decrease of 20 %. Shareholders Equity (with no minority interests) at the end of current period is SR 194.6 million, whereas it was SR 185.1 million by end of same period last year, with an increase of 5 %. |
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