| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) |
-
|
8,526,043
|
-
|
-
|
-
|
| Gross profit (loss) |
607,684
|
17,080,713
|
-
|
1,692,202
|
-
|
| Operational profit (loss) |
-
|
7,677,785
|
-
|
-
|
-
|
| All figures are in Saudi Arabia, Riyals | |||||
| Element | Current period | Similar period for previous year | % Change |
|---|---|---|---|
| Net profit (loss) |
-
|
1,046,589
|
- |
| Gross profit (loss) |
2,299,886
|
16,743,030
|
- |
| Operational profit (loss) |
-
|
2,059,478
|
- |
| Earning or loss per share, Riyals |
-
|
0
|
- |
| All figures are in Saudi Arabia, Riyals | |||
| Element | EXPLAINATION |
|---|---|
| Reasons of increase (decrease) for quarter compared with same quarter last year | The reason for the company’s net Loss during the current quarter compared to Net Profit during the corresponding quarter of previous year is due to Lower revenue and Lower income from Murabaha |
| Reasons of increase (decrease) for period compared with same period last year | The reason for the company’s net Loss during the current period compared to Net Profit during the corresponding period of previous year is due to Lower revenue and increase of expenses |
| Reasons of increase (decrease) for quarter compared with previous quarter | The increase in the company’s net Loss during the current quarter compared to Net Loss during the previous quarter is due to lower revenue, Lower income from Murabaha and increase in zakat expense |
| Reclassifications in quarterly financial results | The comparative figures for Q2 2016 have been adjusted to comply with International Financial Reporting Standards |
| Other notes | Total revenues for current quarter ending 30 June 2017 is 8.4 million riyal as compared to 29.9 million riyal in the corresponding quarter of the previous year with a decrease of 71.79% and 8.7 million riyal in the previous quarter of current year with a decrease of 2.9% .Total Revenue for the current period ending 30 June 2017 is 17.1 million riyal as compared to 35.3 million riyal in the corresponding period of the previous year with decrease 51.45% The comprehensive loss for the current quarter 2017 is 9.2 million riyal compared to previous quarter profit of 8.5 million riyal which represent a decrease in the profit by 208% and 6.9 million riyal losses in the previous quarter with increase of 33.40%, the comprehensive loss for the current period ending 30 June 2017 is 16.1 million riyal compared to previous period profit of 1 million riyal which represent decrease in profit by 1638.6% Total shareholders’ equity (excluding minority) as of 30 June 2017 is 3.146 million riyal as compared to 3.150 million riyal in the corresponding period of the previous year with a decrease of 0.10%. The Accumulated losses for the current period 2017 is 245.8 million riyal with percentage of 7.247 % of the capital and the accumulated losses for the corresponding period 2016 is 242.7 million riyal with percentage of 7.153% of the capital the loss per share for this quarter ending 30 june 2017 is (0.028) compared to profit per share 0.025 in the corresponding quarter in the previous year and the loss per share for the current period ending 30 june 2017 is (0.048) compared to profit per share 0.004 in the corresponding period in the previous year |
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