| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) |
29,839,960
|
2,189,075
|
1,263.13
|
-
|
-
|
| Gross profit (loss) |
49,160,605
|
-
|
-
|
1,547,076
|
3,077.65
|
| Operational profit (loss) |
32,442,873
|
-
|
-
|
-
|
-
|
| All figures are in Saudi Arabia, Riyals | |||||
| Element | Current period | Similar period for previous year | % Change |
|---|---|---|---|
| Net profit (loss) |
15,230,157
|
-
|
- |
| Gross profit (loss) |
59,119,945
|
10,267,900
|
475.77 |
| Operational profit (loss) |
16,265,036
|
-
|
- |
| Earning or loss per share, Riyals |
0.05
|
-
|
- |
| All figures are in Saudi Arabia, Riyals | |||
| Element | EXPLAINATION |
|---|---|
| Reasons of increase (decrease) for quarter compared with same quarter last year | The increase in the net Profit for the company’ during the current quarter compared to the corresponding quarter of the previous year is due to higher revenue . . |
| Reasons of increase (decrease) for period compared with same period last year | The reason for the company’s net profit during the current Period compared to Net Loss during the previous Period is due to Higher revenue and Higher Financial Income from Murabaha |
| Reasons of increase (decrease) for quarter compared with previous quarter | The reason for the company’s net Profit during the current quarter compared to Net Loss during the previous quarter is due to Higher revenue and Higher realized income from sale of land |
| Other notes | Total revenues for current quarter ending 31 December 2016 is 65.6 million riyal as compared to 9.6 million riyal in the corresponding quarter of the previous year with an increase of 584%. Total revenues for current period ending 31 December 2016 is 104.2 million riyal as compared to 31 million riyal in the corresponding period of the previous year with an increase of 237%. Total shareholders’ equity (excluding minority) as of 31 December 2016 is 3,158 million riyal as compared to 3,143 million riyal in the corresponding period of the previous year with an increase of 0.48%. The audited year end financials of 2015 were used for comparision in this report |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.