| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 2,539,760 | 2,554,043 | -0.559 | ||
| Gross Profit (Loss) | 686,504 | 684,435 | 0.302 | ||
| Operational Profit (Loss) | 416,018 | 371,157 | 12.086 | ||
| Net Profit (Loss) after Zakat and Tax | 423,353 | 368,425 | 14.908 | ||
| Total Comprehensive Income | 422,259 | 370,908 | 13.844 | ||
| Total Share Holders Equity (after Deducting Minority Equity) | 2,945,888 | 2,876,373 | 2.416 | ||
| Profit (Loss) per Share | 2.25 | 1.96 | |||
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Explanation |
|---|---|
| Increase (Decrease) in Net Profit for Current Year Compared to Last Year is Attributed to | The net profit after zakat compared to last year same period has increased by SAR 54.9 million despite a decrease in revenue by SAR 14.3 million due to price reduction. This is due to decrease in operating expense by SAR 16.3 million and decrease in the administrative expense & impairment loss by SAR 4.8 million and SAR 37.9 million respectively. Further finance income has increased by SAR 16.9 million mainly from the unrealized gain from equity investment. Moreover finance cost has increased SAR 6 million due to the implementation of IFRS 16 (Lease). |
| Basis of the External Auditor's Opinion | Unmodified opinion |
| Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion | The independent auditors report on the annual financial statements states that the financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS) as endorsed in Kingdom of Saudi Arabia, other standards and pronouncements that are issued by Saudi Organization for Certified Public Accountants (SOCPA) . |
| Reclassification of Comparison Items | Certain comparative amounts have been reclassified to conform to the current period’s presentation. Comparatives for related party balances have been reclassified to conform to the current period’s presentation (see note 25) |
| Additional Information | The revenue for the current period amounted to SAR 2,540 million compared to SAR 2,554 million for the last year same period which is a decrease of 0.56%. The net profit after zakat for the current period amounts to SAR 423.4 million compared to SAR 368.4 million for the same period last year which is an increase of 14.9%. The comprehensive income for the current period amounts to SAR 422.3 million compared to SAR 370.9 million for the same period last year which is an increase of 13.8%. The Company has no minority interest with total shareholders' equity reaching to SAR 2,945.9 million for the current period compared to 2,876.4 million for the same period last year which is an increase of 2.42%. |
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