4007 · 30/07/2015 15:37:12 · Announcement #39414 · View on Saudi Exchange

Al Hammadi Company for Development and Investment announces the interim financial results for the period ending on 30-06-2015 (Six Months)

Element Current quarter Similar quarter for previous year % Change current Previous quarter % Change previous
Net profit (loss)
36.89
35.6
3.62
41
-
Gross profit (loss)
64.23
53.68
19.65
53
21.19
Operational profit (loss)
37.91
35.77
5.98
43.2
-
All figures are in (Millions) Saudi Arabia, Riyals
Element Current period Similar period for previous year % Change
Net profit (loss)
77.9
69.82
11.57
Gross profit (loss)
117.23
108.39
8.16
Operational profit (loss)
81.06
71.73
13.01
Earning or loss per share, Riyals
0.65
0.58
-
All figures are in (Millions) Saudi Arabia, Riyals
Element EXPLAINATION
Reasons of increase (decrease) for quarter compared with same quarter last year The increase in gross profit, operating income and net income is due to the increase in net revenue by 13% as a result of enhancement of the contractual terms with the company's customers and offering new services . In addion to the increase in number of patients.
Reasons of increase (decrease) for period compared with same period last year The increase in gross profit, operating income and net income is due to the increase in net revenue by 9% as a result of enhancement of the contractual terms with the company's customers and offering new services. In addion to the increase in number of patients.
Reasons of increase (decrease) for quarter compared with previous quarter The increase in gross profit is due to the increase in net revenue by 6% as a result of the increase in number of patients. While the decrease in operaitng income and net income is due to the increase in the General and Administrative expenses compared to the previous quarter, as during the previous quarter the General and Adminitrative expenses were decreased because of the collection of written-off bad debts of SAR 9.8 million.
Other notes According to SOCPA, the Earnings Per Share for the current periods and the presented compartive periods were calulctaed on the basis of the new number of shares of the company (120 million shares) post the increase in capital which was approved by the Extraordianry General Assembly of the company on 15-04-2015G.

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