| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) |
210.05
|
146.08
|
43.79
|
188.47
|
11.45
|
| Gross profit (loss) |
197.84
|
160.72
|
23.1
|
201.61
|
-
|
| Operational profit (loss) |
185.17
|
148.1
|
25.03
|
193.19
|
-
|
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element | Current period | Similar period for previous year | % Change |
|---|---|---|---|
| Net profit (loss) |
730.66
|
713.03
|
2.47 |
| Gross profit (loss) |
758.06
|
784.15
|
- |
| Operational profit (loss) |
714.21
|
742.52
|
- |
| Earning or loss per share, Riyals |
3.71
|
3.62
|
- |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element | EXPLAINATION |
|---|---|
| Reasons of increase (decrease) for quarter compared with same quarter last year | The increase in net profit is mainly attributable to increase in sales quantities and sales price in addition to share of profit on equity investment in SK Advanced Co. Ltd. (associated company). |
| Reasons of increase (decrease) for period compared with same period last year | Gross profit is marginally lower compared to previous year, while the net profit is increased mainly due to share of profit of SR 47.2 million on equity investment in SK Advanced Co. Ltd. after the commercial operations from April 2016 and also gain of SR 16 million on sales of 5% shares of SK Advanced Co. Ltd. as announced earlier. |
| Reasons of increase (decrease) for quarter compared with previous quarter | Gross profit is marginally lower compared to previous quarter, while the net profit is increased mainly due to increase in share of profit on equity investment in SK Advanced Co. Ltd. and realized gains on available for sale investments. |
| Other notes | - Q4 2016 net profit also includes SR 24.97 million share of profit on equity investment in SK Advanced Co. Ltd. - The sales revenue for the quarter ended December 31, 2016 amounted to SR 576.37 million, an increase of 6.39% compared to the same quarter last year of SR 541.73 million. The sales revenue for the year ended December 31, 2016 is SR 2,139.37 million, a decrease of 10.0% compared to same period last year of SR 2,377.03 million. - The total shareholders' equity (no minority interest) as at December 31, 2016 is SR 3,029.35 million compared to shareholders' equity of SR 2,508.96 million at December 31, 2015 with increase of 20.74%. - Earning per share for same period last year is adjusted due to increase in number of shares as a result of issuance of 20% bonus shares pursuant to approval from EGM dated July 28, 2016. |
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