| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) |
142.8
|
161.9
|
-
|
225.6
|
-
|
| Gross profit (loss) |
162.8
|
189.9
|
-
|
222.3
|
-
|
| Operational profit (loss) |
148.3
|
173.6
|
-
|
205.7
|
-
|
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element | Current period | Similar period for previous year | % Change |
|---|---|---|---|
| Net profit (loss) |
368.4
|
357.2
|
3.14 |
| Gross profit (loss) |
385.1
|
424.1
|
- |
| Operational profit (loss) |
354
|
388.7
|
- |
| Earning or loss per share, Riyals |
3.68
|
3.57
|
- |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element | EXPLAINATION |
|---|---|
| Reasons of increase (decrease) for quarter compared with same quarter last year | Mainly due to : 1 ) Decrease in sales revenue by 18.6% : SR 363.3m this quarter compared to SR 446.6m for the same quarter previous year, in addition to that finance charges had declined by SR 3.7m compared to same quarter previous year- General, selling & distribution expenses had declined by SR 1.8m - Zakat and income tax expenses had declined by SR 2m |
| Reasons of increase (decrease) for period compared with same period last year | Mainly due to : 1 ) Increase in net other income as a result of receiving insurance claim amounts to SR 17m for business interruption related to cement mill number 3 fire accident occurred in year 2012 2) Goodwill write-off during same quarter previous year for an amount of SR 15m in relation to an associate company in Jordan 3) Decrease in General, selling & distribution expenses by SR 4.3m 4) Decrease in finance charges by SR 7.4m 5) Increase in income from investments in associates and available for sale security by SR 3m, which lead combined to compensating the decrease in group sales revenue and gross profit during the period |
| Reasons of increase (decrease) for quarter compared with previous quarter | Mainly due to : 1 ) Decrease in sales revenue by 10.2% : SR 363.3m this quarter compared to SR 404.6m for previous quarter as a result of demand slowdown during Ramadan month 2) Increase in cost of sales as a result of consuming of outsourced clinker 3) Decrease in net other income as a result of receiving insurance claim during the previous quarter amounts to SR 17m for business interruption related to cement mill number 3 fire accident occurred in year 2012 |
| Reclassifications in quarterly financial results | The company had reclassified some items with respect to interim consolidated financial statements for the period ended 30/06/2015 to be consistent with the presentation used for the same period this year |
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