| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) |
27.5
|
9.1
|
202.2
|
7.3
|
276.71
|
| Gross profit (loss) |
212.2
|
176
|
20.57
|
131.9
|
60.88
|
| Operational profit (loss) |
44.1
|
12.6
|
250
|
11.9
|
270.59
|
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element | Current period | Similar period for previous year | % Change |
|---|---|---|---|
| Net profit (loss) |
2.1
|
49.2
|
- |
| Gross profit (loss) |
584.9
|
577.5
|
1.28 |
| Operational profit (loss) |
23.6
|
55.1
|
- |
| Earning or loss per share, Riyals |
0.06
|
1.37
|
- |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element | EXPLAINATION |
|---|---|
| Reasons of increase (decrease) for quarter compared with same quarter last year | Increase in Sales compared to same quarter of last year, leading to increased gross profit, in addition to margin improvements that resulted from improved margins on some products. Increase in selling and distribution expenses. Accounting for an impairment loss on some of the company's assets amounting to SAR 15.6m. |
| Reasons of increase (decrease) for period compared with same period last year | Increase in selling , distribution and admin expenses (containing a provision for commercial claims amounting to SAR 9m). Decline in income from trading investments compared to the same period of last year. Impact of non-recurring SAR 5.2 million for consultant of process off acquisitions that company decided to end the LOI as published on Tadawul at July 31 2016. Accounting for an impairment loss on some of the Company's assets amounting to SAR 15.6m. |
| Reasons of increase (decrease) for quarter compared with previous quarter | Increase in sales accross all departments as a result of having the Mega Sale event during the fourth quarter of every year, that positively contributed towards better gross and operation profit. Increase in selling,distribution and admin expenses as well as Zakat expenses. Accounting for an impairment loss on some of the Company's assets amounting to SAR 15.6m. |
| Reclassifications in quarterly financial results | Some comparative figures have been reclassified to be consistent with the presentation of the current period. |
| Other notes | Fourth quarter sales reached SAR 1,386m vs. SAR 1,274m for the same quarter of last year showing an increase of 8.8%. Sales for the year reached SAR 3,752m compared to SAR 3,745m of last year showing an increase of about 0.2% was mainly driven by an increase mobiles and consumer electronics sales. Number of operated stores reached 42 store by Dec. 2016 vs. 41 store in Dec. 2015. As of December 31, 2016 Shareholder's equity (not including minority interest) reached SAR 532.2m vs. SAR 531.6m (adjusted for minority interest) as of December 31, 2015 showing an increase of 0.1%. |
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