| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) |
1.16
|
3.18
|
-
|
0.98
|
18.37
|
| Gross profit (loss) |
7.97
|
7.74
|
2.97
|
6.64
|
20.03
|
| Operational profit (loss) |
1.96
|
2.08
|
-
|
1.27
|
54.33
|
| Earning or loss per share, Riyals |
0.11
|
0.28
|
-
|
-
|
-
|
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element | EXPLAINATION |
|---|---|
| Reasons of increase (decrease) for quarter compared with same quarter last year | he net profit for this quarter is lower compared to same quarter of last year due to increase in G&A expenses resulted from allocation of pre-operation expenses for FPC Industries that has been established in order to diversify FIPCO investments, in addition to decrease in sales volume despite of increased gross profit based on improved profitability margins of some products, as well as a decrease in other income as a result of the investments done by FIPCO during the first quarter of 2017. |
| 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 based on improved profitability margins of some products, in addition to decrease in zakat provision in spite of increase in G&A expenses and decrease in other income. |
| Other notes | - The total revenue of current quarter is SR 35.8 million whereas the total revenue of the same quarter of last year is SR 41.2 million which is a decrease of 13%, and against SR 37.4 million for the last quarter of last year, with a decrease of 4.3%. - Total comprehensive income for the current quarter amounted to SR 0.81 million, a decrease of 74.56% compared to the same quarter of last year which was SR 3.18 million, and a decrease of 23.7% compared to the last quarter of last year which was SR 1.5 million. - Total Shareholders Equity (before non-controlling interests) for the current quarter is SR 184.8 million, whereas it was SR 186.8 million for same quarter of last year (with no minority interests), with a decrease of 1 %, and against 183.7 million as of 31 Dec. 2017 (before non-controlling interests), with an increase of 0.7%. |
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