| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) |
3.18
|
4.53
|
-
|
2.6
|
22.31
|
| Gross profit (loss) |
7.74
|
9.39
|
-
|
6.6
|
17.27
|
| Operational profit (loss) |
2.08
|
4.74
|
-
|
1.88
|
10.64
|
| Earning or loss per share, Riyals |
0.28
|
0.39
|
-
|
-
|
-
|
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element | EXPLAINATION |
|---|---|
| Reasons of increase (decrease) for quarter compared with same quarter last year | The net profit for this quarter is lower compared to same quarter of last year due to decrease in the gross profit resulted from decrease in sales volume and average selling prices to maintain the company market share as well as increase in G&A expenses in spite of increased other income. |
| Reasons of increase (decrease) for quarter compared with previous quarter | The net profit for this quarter is higher compared to the last quarter of last year due to increase in the gross profit in addition to decrease in zakat provision in spite of increase in G&A expenses. |
| Reclassifications in quarterly financial results | Certain Comparative figures have been restated to be consistent with the presentation of the current period in accordance with IFRS adopted in the Kingdom of Saudi Arabia along with the other standards and releases adopted by the (SOCPA). |
| Other notes | - The total revenue of current quarter is SR 41.2 million whereas the total revenue of the same quarter of last year is SR 45.2 million which is a decrease of 8.8%, and against SR 44.9 million for the last quarter of last year, with a decrease of 8.3% - Total comprehensive income for the current quarter amounted to SR 3.2 million, a decrease of 29.8% compared to the same quarter last year which was SR 4.5 million, and an increase of 22.2% compared to the last quarter of last year which was SR 2.6 million. - Total Shareholders Equity (with no minority interests) for the current quarter is SR 186.8 million, whereas it was SR 177.1 million for same quarter of last year, with an increase of 6 %, and against 183.7 million as of 31 Dec. 2016, with an increase of 2%. - Adjustments arising from applying IFRS resulted in a decrease of SR 8.1 million in retained earnings as of 31st 31 Dec. 2016. For more information about the accounting policies consistent with IFRS and impact arising from applying IFRS please see the notes of the Interim condensed financial statements for the period ended March 31, 2017. - The Company has applied the IFRS effective from 1 January 2017. Accordingly, some changes have been made in the measurement, recognition, presentation and disclosure method for the current and comparative periods in accordance with these standards, which are adopted by the concerned authorities in Saudi Arabia. |
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