| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) |
-
|
15.32
|
-
|
10.19
|
-
|
| Gross profit (loss) |
17.7
|
33.42
|
-
|
40.73
|
-
|
| Operational profit (loss) |
-
|
11.33
|
-
|
17.85
|
-
|
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element | Current period | Similar period for previous year | % Change |
|---|---|---|---|
| Net profit (loss) |
-
|
28.71
|
- |
| Gross profit (loss) |
80.72
|
112.1
|
- |
| Operational profit (loss) |
1.08
|
40.43
|
- |
| Earning or loss per share, Riyals |
-
|
0.48
|
- |
| 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 recording net loss during the current quarter comparing to a net profit for the same quarter of last year is due to: 1- The decrease in sales volume because of the delay in some deliveries from EPC customers during the current quarter. 2- Recording additional doubtful debt provision during the current quarter. 3- Recording a capital gain from sale of land during the same quarter of last year |
| Reasons of increase (decrease) for period compared with same period last year | The reason for recording net loss during the first nine months comparing to a net profit for the same period of last year is due to: 1- The decrease of instrumentation cables sales volume due to the postponement of some orders from EPC customers which was partially offsetted by an increase in power cables sales that has less profit margins. 2- Recording additional doubtful debt provision during the current period. 3- Recording a capital gain from sale of land during the same period of last year. |
| Reasons of increase (decrease) for quarter compared with previous quarter | The reason for recording net loss during the current quarter comparing to a net profit for the last quarter is due to: 1- The decrease in sales volume because of the delay in some deliveries from EPC customers during the current quarter. 2- Recording additional doubtful debt provision during the current 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) Earnings 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 the same period of last year by the number of shares of 60 million as of 30 Sep. 2014. Earnings 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 |
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