| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) |
16.07
|
29.25
|
-
|
8.4
|
91.31
|
| Gross profit (loss) |
134.2
|
144.84
|
-
|
163.9
|
-
|
| Operational profit (loss) |
17.54
|
30.64
|
-
|
8.8
|
99.32
|
| Earning or loss per share, Riyals |
0.54
|
0.98
|
-
|
-
|
-
|
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element | EXPLAINATION |
|---|---|
| Reasons of increase (decrease) for quarter compared with same quarter last year | To the decline in gross margin due to low margin of the remaining of mega sales's inventory sold in quarter one in addition to increase in selling and other expenses and decrease in general expenses. |
| Reasons of increase (decrease) for quarter compared with previous quarter | Additional provision in previous quarter due to high inventory closing balances,in addition to decrease in selling and general expenses this quarter verus previous quarter, the decline in gross margin in current quarter versus previous quarter is due to the increase from mega sales's volume in the previous quarter. |
| Other notes | The total sales for the first quarter is SR 872m, an increase 8% compared to the same period last year (SR 807m). Due to the increase in most of categories sales, and the increase in the number of the stores 37 in March-2014 to 39 in March-2015, the decline in net profit is due to decline in gross margin due to low margin of the remaining of mega sales's inventory sold in quarter one in addition to increase in selling and other expenses and decrease in general expenses. |
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