8.The reason for recording net profits during the third quarter comparing to net losses for the same quarter of last year is due to the increase in control cables sales volume which has better profit margins relative to the power cables sales volume which has low profit margins despite the decline in the total sales volume of the company during the same period.
9.The reason for recording net profits during the first nine months comparing to net losses for the same period of last year is due to the increase in control cables sales volume which has better profit margins relative to the power cables sales volume which has low profit margins despite the decline in the total sales volume of the company during the same period, in addition to the decrease in the companys share of losses of our Jordan subsidiaries and starting to record net profits in MESC-RAK (wholly owned subsidiary) in the nine month period.
10-The reason for the decrease of net profit of third quarter comparing to previous quarter is due to the reverse of the excess Zakat provision of SR 6 million during the previous quarter.
Certain comparative figures have been reclassified to conform with the presentation in the current period.
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