| Element | Current year | Previous year | % Change |
|---|---|---|---|
| Net profit (loss) |
-11,468,109
|
-28,176,103
|
59.3
|
| Earning or loss per share, Riyals |
-0.03
|
-0.08
|
-
|
| Gross profit (loss) |
10,267,900
|
15,631,377
|
-34.31
|
| Operational profit (loss) |
-21,674,266
|
-12,143,583
|
-78.48
|
*All figures are in Saudi Arabia, Riyals
| Element | EXPLAINATION |
|---|---|
| Reasons of annual financial results | The decrease in the company’s net loss during the current period compared to the corresponding period of the previous year is due to: Infrastructure costs written-off in the previous year. |
| Other notes | The difference between the 2015 audited financial results compared to the annual figures reported in unaudited fourth quarter of 2015 financial year is due to the change in revenue amount, reclassification of cost of revenue and operating expenses and recalculation of zakat provision of the company. It should be noted that the loss per share for the current year amounted to SAR 0.03 compared to SAR 0.08 for the previous year. |
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