| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) |
-
|
13.38
|
-
|
1.94
|
-
|
| Gross profit (loss) |
22.3
|
46.73
|
-
|
34.1
|
-
|
| Operational profit (loss) |
-
|
21.42
|
-
|
10.71
|
-
|
| Earning or loss per share, Riyals |
-
|
0.22
|
-
|
-
|
-
|
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element | EXPLAINATION |
|---|---|
| Reasons of increase (decrease) for quarter compared with same quarter last year | The reason for the decrease in gross profit and recording net loss during the current quarter comparing to the same quarter of last year is due to the decrease of instrumentation cables sales volume due to the postponement of the delivery of some orders from EPC customers which was partially offsetted by an increase in power cables sales that has less profit margins |
| Reasons of increase (decrease) for quarter compared with previous quarter | the reason for the decrease in gross profit and recording net loss during the current quarter comparing to last quarter is due to the decrease in sales volume of the Jordanian subsidiaries due to the postponement of some orders which resulted in an increase of their losses during the current quarter compared to the last quarter |
| Reclassifications in quarterly financial results | Certain of the prior period amounts have been reclassified to conform to the presentation in the current period |
| Other notes | (Loss) earning per share attributable to net (loss) income for the period and the same period of last year is calculated by dividing net (loss) income for the period and for the same period of last year by the number of shares of 60 million as of 31 Mar. 2014. (Loss) earning per share for the same period of last year was adjusted to reflect the impact of the capital increase transaction and receiving the proceeds during the fourth Quarter of last year |
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.