| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) |
9.07
|
8.28
|
9.54
|
12.2
|
-
|
| Gross profit (loss) |
176.14
|
163.89
|
7.47
|
128.53
|
37.04
|
| Operational profit (loss) |
12.59
|
8.71
|
44.55
|
11.8
|
6.69
|
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element | Current period | Similar period for previous year | % Change |
|---|---|---|---|
| Net profit (loss) |
49.18
|
121.04
|
- |
| Gross profit (loss) |
577.87
|
620.76
|
- |
| Operational profit (loss) |
55.14
|
125.79
|
- |
| Earning or loss per share, Riyals |
1.37
|
3.36
|
- |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element | EXPLAINATION |
|---|---|
| Reasons of increase (decrease) for quarter compared with same quarter last year | Increase sales across most of categories as a result of the mega sales that take place every year in the fourth quarter and increased number of stores from 38 in December 2014 to 41 in December 2015 and the increase of other income , which led to increase in profit despite of the increase in selling, distribution and administrative expenses, financing expenses and Zakat provision. |
| Reasons of increase (decrease) for period compared with same period last year | Increase in sales and reduction in administrative expenses while the company's profits declined due to the sales of remaining stock carried forward from last year Mega sales at lower margin, clearing on hand inventory of electrical appliances at lower margin due to applying new energy efficiency rating, in addition to the maintenance and renovation of many stores. Higher sales led to increased selling and distribution expenses, impact of sales mix effect due to increased sales of mobile and electronic devices with lower profit margin as well as increased Zakat provision and decline in investment profits. |
| Reasons of increase (decrease) for quarter compared with previous quarter | Increase in sales across all categories as a result of Mega Sales that take place every year in the fourth quarter leading to an increase in the gross and operating profit, but led as well to an increase in selling ,distribution and administrative expenses as well as the increase in financing expenses, Zakat provision and decrease in other income. in addition to the impact of sales mix due to increase in sales of mobile electronic devices with low profit margin. |
| 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 fourth quarter at SR 1,274m increased by 17% compared to the same period last year (SR 1,089m) due to the increase in sales across most of categories. Total sales for the period at SR 3,745m increased by 1.5% compared to the same period last year (SR 3,689m) due to the increase in sales across most of and increase the number of stores from 38 in December -2014 to 41 in December 2015. 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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