| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) |
-
|
10.19
|
-
|
-
|
-
|
| Gross profit (loss) |
19.3
|
40.73
|
-
|
30.32
|
-
|
| Operational profit (loss) |
-
|
17.85
|
-
|
3.02
|
-
|
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element | Current period | Similar period for previous year | % Change |
|---|---|---|---|
| Net profit (loss) |
-
|
2.36
|
- |
| Gross profit (loss) |
49.61
|
63.03
|
- |
| Operational profit (loss) |
-
|
15.97
|
- |
| Earning or loss per share, Riyals |
-
|
0.04
|
- |
| 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 compared to net profit during the same quarter of last year is due to the decrease in sales volume and profit margins in the current quarter because of the delay of some major projects and the increase of competition between cables manufacturers |
| Reasons of increase (decrease) for period compared with same period last year | The reason for recording net loss during the first six month of the current year compared to net profit during the same period of last year is due to the decrease in profit margins in the current period because of the increase of competition between cables manufacturers |
| Reasons of increase (decrease) for quarter compared with previous quarter | The reason for the increase in net loss during the current quarter compared to the last quarter is due to the decrease in sales volume |
| 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.