| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) |
-
|
-
|
-
|
-
|
-
|
| Gross profit (loss) |
9.2
|
25.7
|
-
|
31.8
|
-
|
| Operational profit (loss) |
-
|
1.3
|
-
|
1.3
|
-
|
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element | Current period | Similar period for previous year | % Change |
|---|---|---|---|
| Net profit (loss) |
-
|
-
|
- |
| Gross profit (loss) |
90.6
|
106.45
|
- |
| Operational profit (loss) |
-
|
2.36
|
- |
| Earning or loss per share, Riyals |
-
|
-
|
- |
| 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 increase in net losses during the current quarter comparing to the same quarter of last year is due to the decrease in sales, recording additional provisions for Doubtful Debts, inventory and impairment in Plant & Machineries value in the Jordanian Subsidiaries due to geo political conditions leading to a difference between the carrying value and fair value of these assets as required by the accounting standards |
| Reasons of increase (decrease) for period compared with same period last year | The reason for the increase in net losses during the twelve months comparing to the same period of last year is due to recording additional provisions for Doubtful Debts, inventory and impairment in Plant & Machineries value in the Jordanian subsidiaries due to geo political conditions leading to a difference between the carrying value and fair value of these assets as required by the accounting standards |
| Reasons of increase (decrease) for quarter compared with previous quarter | The reason for the increase in net losses during the current quarter comparing to last quarter is due to the decrease in sales, recording additional provisions for Doubtful Debts, inventory and impairment in Plant & Machineries value in the Jordanian Subsidiaries due to geo political conditions leading to a difference between the carrying value and fair value of these assets as required by the accounting standards |
| 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 | The impairment loss is a non cash accounting entry |
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.