| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) |
53,201,666
|
113,900,184
|
-
|
80,159,235
|
-
|
| Gross profit (loss) |
56,429,200
|
120,903,205
|
-
|
88,179,392
|
-
|
| Operational profit (loss) |
49,007,312
|
113,762,820
|
-
|
80,933,681
|
-
|
| All figures are in Saudi Arabia, Riyals | |||||
| Element | Current period | Similar period for previous year | % Change |
|---|---|---|---|
| Net profit (loss) |
133,360,901
|
247,703,892
|
- |
| Gross profit (loss) |
144,608,592
|
267,728,281
|
- |
| Operational profit (loss) |
129,940,993
|
253,002,037
|
- |
| Earning or loss per share, Riyals |
1.48
|
2.75
|
- |
| All figures are in Saudi Arabia, Riyals | |||
| Element | EXPLAINATION |
|---|---|
| Reasons of increase (decrease) for quarter compared with same quarter last year | The decrease in net income due to decrease in sales value and volume due to decline in demand for cement, in addition to decrease in other income due to decrease in Murabaha return, despite the decrease in cost of sales. |
| Reasons of increase (decrease) for period compared with same period last year | The decrease in net income due to decrease in sales value and volume due to decline in demand for cement, in addition to decrease in other income due to decrease in Murabaha return, despite the decrease in cost of sales. |
| Reasons of increase (decrease) for quarter compared with previous quarter | The decrease in net income due to increase in the rate of cost of sales due to the decrease in sales prices of cement, in addition to decrease in sales value and volume due to decrease in demand and seasonal reasons (holy month of Ramadan and Eid al-Fitr), also the decrease in other income due to decrease in Murabaha return. |
| Reclassifications in quarterly financial results | Some comparative figures have been reconciled to be in compliance with the presentation requirements of IFRS. |
| Other notes | A) Total sales during the current quarter amounted SAR 135,097,387, compared SAR 220,020,863 for the corresponding quarter of the previous year, in a decrease of 38.6%.B) Total sales during current period amounted SAR 326,219,147 againest amount of SAR 495,507,644 for same period year 2016 in a decrease of 34.2%.C) Total comprehensive income during the current quarter amounted to SAR 53,546,154 compared to SAR 113,126,958 for the corresponding quarter of the previous year, in a decrease of 52.67%. and compared to SAR 80,300,797 for the previous quarter, in a decrease of 33.32%.D) Total comprehensive income during the current period amounted to SAR 133,846,951 compared to SAR 246,734,539 for the corresponding period of the previous year, in a decrease of 45.75%.E) Total shareholders equity (Minority interests are not available) amounted SAR 1,738,459,850 by end of June 2017 against amount of SAR 1,703,167,368 as of end of June 2016 in an increase of 2.07%. |
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