| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) |
12.2
|
29.7
|
-
|
11.83
|
3.13
|
| Gross profit (loss) |
128.53
|
144.1
|
-
|
139
|
-
|
| Operational profit (loss) |
11.8
|
30.3
|
-
|
13.21
|
-
|
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element | Current period | Similar period for previous year | % Change |
|---|---|---|---|
| Net profit (loss) |
40.1
|
112.8
|
- |
| Gross profit (loss) |
401.7
|
456.9
|
- |
| Operational profit (loss) |
42.6
|
117.1
|
- |
| Earning or loss per share, Riyals |
1.11
|
3.13
|
- |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element | EXPLAINATION |
|---|---|
| Reasons of increase (decrease) for quarter compared with same quarter last year | The decline in net profit is due to decrease in sales of some categories whose demand is impacted by the period of Eid al-Fitr and Eid al-Adha that falled this year in the third quarter, in addition to the maintenance and renovation of many stores, increase in selling and advertising expenses and decrease in realized gain on investments held for trading ,decrease in general expenses, financing expenses and increase other income. |
| Reasons of increase (decrease) for period compared with same period last year | Decline in net profit is due to decrease in sales of some categoreis ,sales of remaining mega sales's inventory at lower margin, applying energy efficiency rating system resulted in low margin from selling on hand inventory of electrical appliances and unavliability of substitute products, sales mix effect on Margin due to increase in mobile/electronic devices with low profit margin, increase in selling and advertising expenses and other expenses, decrease in general expenses and financing expenses |
| Reasons of increase (decrease) for quarter compared with previous quarter | Decrease in selling expenses, increase in other income and decrease in financing expenses despite the decrease in sales and decrease in realized gain on investments held for trading. |
| Reclassifications in quarterly financial results | Some comparative figures have been reclassified to be consistent with the presentation of the current period. |
| Other notes | Total sales for the third quarter at SR 719m decreased by 11% compared to the same period last year (SR 809m) due to the decrease in sales of some categories.Total sales for the period at SR 2,471m decreased by 5% compared to the same period last year (SR 2,601m) due to the decrease in sales of some categories and exceptional sales of TV resulting from the world cup event that took place during same period-2014. Earning per Share for the previous year has been changed due to increased number of shares from 30 to 36 million after approval of the extraordinary General Assembly meeting which was held on 27 April 2015. |
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