2190 · 21/04/2015 09:05:50 · Announcement #38343 · View on Saudi Exchange

Saudi Industrial Services Co. announces the interim financial results for the period ending on 31-03-2015 (Three Months)

Element Current quarter Similar quarter for previous year % Change current Previous quarter % Change previous
Net profit (loss)
18,467
12,368
49.31
18,462
0.03
Gross profit (loss)
74,952
56,315
33.09
74,536
0.56
Operational profit (loss)
35,934
27,049
32.85
39,709
-
Earning or loss per share, Riyals
0.27
0.18
-
-
-
All figures are in (Thousands) Saudi Arabia, Riyals
Element EXPLAINATION
Reasons of increase (decrease) for quarter compared with same quarter last year Due to improvement in operating results and performance especially storage and re-export business and Port development business.
Reasons of increase (decrease) for quarter compared with previous quarter Ports and Re-export sectors continued to improve as compared to previous quarter. However, water business took a provision for its investment in Yemen; therefore the overall results have remained the same.
Reclassifications in quarterly financial results Certain comparative figures have been reclassified to conform to the presentation in the current period.

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