| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) |
48,953
|
46,790
|
4.62
|
63,601
|
-
|
| Gross profit (loss) |
316,783
|
273,148
|
15.97
|
314,888
|
0.6
|
| Operational profit (loss) |
87,913
|
83,164
|
5.71
|
97,846
|
-
|
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element | Current period | Similar period for previous year | % Change |
|---|---|---|---|
| Net profit (loss) |
175,246
|
140,066
|
25.12 |
| Gross profit (loss) |
931,431
|
797,297
|
16.82 |
| Operational profit (loss) |
282,932
|
250,789
|
12.82 |
| Earning or loss per share, Riyals |
2.92
|
2.33
|
- |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Element | EXPLAINATION |
|---|---|
| Reasons of increase (decrease) for quarter compared with same quarter last year | were due to increase in overall sales and air conditioning sector sales specifically, in addition to better operating margins in the steel sector. Furthermore, they were due to the decrease in Zakat provisions and decrease in non-controlling interests and foreign taxes. |
| Reasons of increase (decrease) for period compared with same period last year | were due to better performance in the air conditioning and steel sectors, in addition to improved margins in the steel sector. Furthermore, they were due to the decrease in Zakat provisions, and decrease in non-controlling interests and foreign taxes. |
| Reasons of increase (decrease) for quarter compared with previous quarter | were due to decrease in overall sales and air conditioning sector specially since the period falls in the end of the summer season, in addition to increase in currency exchange loss due to the devaluation of the Indian Rupee and Egyptian Pound. |
| Reclassifications in quarterly financial results | Certain figures for the third quarter of 2012 have been reclassified to conform with the presentation in 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.