| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) |
56,394
|
48,953
|
15.2
|
73,015
|
-
|
| Gross profit (loss) |
311,686
|
316,783
|
-
|
316,094
|
-
|
| Operational profit (loss) |
89,708
|
87,913
|
2.04
|
101,354
|
-
|
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element | Current period | Similar period for previous year | % Change |
|---|---|---|---|
| Net profit (loss) |
195,416
|
175,246
|
11.51 |
| Gross profit (loss) |
933,292
|
931,431
|
0.2 |
| Operational profit (loss) |
285,977
|
282,932
|
1.08 |
| Earning or loss per share, Riyals |
3.26
|
2.92
|
- |
| 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 improved Operating Margins in the steel and air conditioning sectors. Net Profit improved because of reduction in Financial Charges and lower Taxes and Zakat. |
| Reasons of increase (decrease) for period compared with same period last year | Were due to improved Operating Margins in the steel and air conditioning sectors and higher Other Income, while on the other hand lower Non-controlling Interest and Financial Charges. |
| Reasons of increase (decrease) for quarter compared with previous quarter | Net Profit decrease was due to lower sales, seasonal impact and lower Operating Margins. |
| Reclassifications in quarterly financial results | Certain figures for the third quarter of 2013 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.