| Element | Current year | Previous year | % Change |
|---|---|---|---|
| Net profit (loss) |
730.66
|
713.03
|
2.47
|
| Earning or loss per share, Riyals |
3.71
|
3.62
|
-
|
| Gross profit (loss) |
758.06
|
784.15
|
-3.33
|
| Operational profit (loss) |
714.21
|
742.52
|
-3.81
|
*All figures are in (Millions) Saudi Arabia, Riyals
| Element | EXPLAINATION |
|---|---|
| Reasons of annual financial results | 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 16.04 million on sales of 5% shares of SK Advanced Co. Ltd. as announced earlier. |
| Reclassifications in annual financial results | Earning per share for previous 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. |
| Other notes | - The sales revenue for the year 2016 is SR 2,139.37 million, a decrease of 10.0% compared to year 2015 sales revenue of SR 2,377.03 million. - The total shareholders' equity (no minority interest) as at December 31, 2016 is SR 3,028.67 million compared to total shareholders' equity of SR 2,508.96 million at December 31, 2015 with increase of 20.71%. |
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