| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) |
-
|
1.94
|
-
|
-
|
71.08
|
| Gross profit (loss) |
25.73
|
34.1
|
-
|
17.7
|
45.37
|
| Operational profit (loss) |
1.28
|
10.71
|
-
|
-
|
-
|
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element | Current period | Similar period for previous year | % Change |
|---|---|---|---|
| Net profit (loss) |
-
|
30.4
|
- |
| Gross profit (loss) |
106.45
|
145.9
|
- |
| Operational profit (loss) |
2.36
|
49.56
|
- |
| Earning or loss per share, Riyals |
-
|
0.51
|
- |
| 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 the decrease in sales volume because of the delay in some deliveries from EPC customers during the current quarter. |
| Reasons of increase (decrease) for period compared with same period last year | The reason for recording net loss during the twelve 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 the decrease in net loss during the current quarter comparing to the last quarter is due to recording additional doubtful debt provision during the previous quarter |
| Reclassifications in quarterly financial results | Certain of the prior period amounts have been reclassified to conform to the presentation in the current period |
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.