| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) |
-
|
-
|
7.76
|
29,839,960
|
-
|
| Gross profit (loss) |
1,692,202
|
-
|
-
|
49,160,605
|
-
|
| Operational profit (loss) |
-
|
-
|
-
|
32,488,769
|
-
|
| Earning or loss per share, Riyals |
-
|
-
|
-
|
-
|
-
|
| All figures are in Saudi Arabia, Riyals | |||||
| Element | EXPLAINATION |
|---|---|
| Reasons of increase (decrease) for quarter compared with same quarter last year | The Decrease in the net Loss for the company during the current quarter compared to the corresponding quarter of the previous year is due to higher revenue and higher income from Murabaha . |
| Reasons of increase (decrease) for quarter compared with previous quarter | The reason for the company’s net Loss during the current quarter compared to Net Profit during the previous quarter is due to Lower revenue and Lower income from Murabaha |
| Reclassifications in quarterly financial results | The comparative figures for Q1 2016 have been adjusted to comply with International Financial Reporting Standards |
| Other notes | Total revenues for current quarter ending 31 March 2017 is 8.7 million riyal as compared to 5.4 million riyal in the corresponding quarter of the previous year with an increase of 61.96%. Total shareholders’ equity (excluding minority) as of 31 March 2017 is 3,156 million riyal as compared to 3,141 million riyal in the corresponding period of the previous year with an increase of 0.46%. The Accumulated losses for the first quarter 2017 is 236.7 million riyal with precentage of 6.99% of the capital and the accumlated losses for the corresponding quarter 2016 is 251.2 million riyal with precentage of 7.40 of the capital The comprehensive loss for the first quarter 2017 is 6.9 million riyal compared to previous quarter profit of 29.8 million riyal which represent a decrease in the profit by 123% The figures used for the comparison of Q1 2017 with previous quarter were based on Q4 unaudited financials. |
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