| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) |
66,007
|
62,692
|
5.29
|
60,110
|
9.81
|
| Gross profit (loss) |
305,512
|
299,760
|
1.92
|
375,383
|
-
|
| Operational profit (loss) |
94,915
|
97,173
|
-
|
117,505
|
-
|
| Earning or loss per share, Riyals |
1.1
|
1.04
|
-
|
-
|
-
|
| 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 Net Profit which was a result of improved margins especially in the Steel sector in addition to the decrease in financial charges. Operating Profit was affected due to increase in Selling & Distribution expenses that were a result of increase in Sales. |
| Reasons of increase (decrease) for quarter compared with previous quarter | Were due to a one-time cost related to permanent currency translation loss and impairment of goodwill loaded in Q4 2013. Operating Profits decreased due to reduction in overall Sales and lesser operating margins. |
| Reclassifications in quarterly financial results | Certain figures for the first quarter of 2013 have been reclassified to conform with the presentation in the current period. |
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