| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) |
3.82
|
-
|
-
|
76.85
|
-
|
| Gross profit (loss) |
28.46
|
31.77
|
-
|
31.3
|
-
|
| Operational profit (loss) |
7.95
|
1.34
|
492.74
|
8.98
|
-
|
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element | Current period | Similar period for previous year | % Change |
|---|---|---|---|
| Net profit (loss) |
75.48
|
-
|
- |
| Gross profit (loss) |
86.42
|
81.38
|
6.19 |
| Operational profit (loss) |
18.39
|
-
|
- |
| Earning or loss per share, Riyals |
1.26
|
-
|
- |
| 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 profit during the current quarter comparing to net loss during the same quarter of last year is mainly due to the decrease in overall expenses after the deconsolidation of the Jordanian Subsidiary (MESC Jordan) in the second quarter. |
| Reasons of increase (decrease) for period compared with same period last year | The reason for recording net profit during the first nine months of current year comparing to net loss during the same period of last year is mainly due to : 1. Improvement in the Gross Profit. 2. The decrease in overall expenses after the deconsolidation of the Jordanian Subsidiary (MESC Jordan) in the second quarter, 3. Releasing the provision for losses over the investment value for MESC Jordan, resulting from 29.1% share sale during the current year. |
| Reasons of increase (decrease) for quarter compared with previous quarter | The reason for the decrease in net profit during the current quarter comparing to the last quarter is due to : 1. The decrease in Sales in the current quarter, 2. The Release in previous quarter of the provision for losses over the investment value for MESC Jordan, resulting from the 29.1% share sale. |
| 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 | A- Sales during the current quarter amounts to SR 174.0 million versus SR 231.7 million for the same quarter of last year. a decrease of 24.9%. B- Sales during the first nine months of current year amounts to SR 632.3 million versus SR 706.3 million for the same period of last year. A decrease of 10.5%. C-Equity attributable to shareholders (after the elimination of Minority Interest) as of 30/09/2016 amounts to SR 454.4 million versus SR 464.1 million as of 30/09/2015. A decrease of 2.1% |
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