| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) |
60,110
|
61,388
|
-
|
48,953
|
22.79
|
| Gross profit (loss) |
326,248
|
367,823
|
-
|
316,783
|
2.99
|
| Operational profit (loss) |
102,163
|
114,405
|
-
|
87,913
|
16.21
|
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element | Current period | Similar period for previous year | % Change |
|---|---|---|---|
| Net profit (loss) |
235,356
|
201,454
|
16.83 |
| Gross profit (loss) |
1,257,679
|
1,165,120
|
7.94 |
| Operational profit (loss) |
385,095
|
365,194
|
5.45 |
| Earning or loss per share, Riyals |
3.92
|
3.36
|
- |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Element | EXPLAINATION |
|---|---|
| Reasons of increase (decrease) for quarter compared with same quarter last year | Decrease in performance is due to drop in sales and foreign currency exchange loss which is mainly attributable to the devaluation of the Indian Rupee and Egyptian Pound. |
| Reasons of increase (decrease) for period compared with same period last year | Due to improved performance in steel sector and overseas operations. Further, it is also due to decrease in Zakat provision and non-controlling interests. There was an increase in sales in the air conditioning and concrete sectors and consequently, an increase in selling and distribution expenses. |
| Reasons of increase (decrease) for quarter compared with previous quarter | Sequential better performance was due to improved margins and sales growth in air conditioning and steel sectors. |
| Reclassifications in quarterly financial results | Certain figures for the fourth 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.