| Element | Current year | Previous year | % Change |
|---|---|---|---|
| Net profit (loss) |
-21,776,464
|
14,008,061
|
-
|
| Earning or loss per share, Riyals |
-0.06
|
0.04
|
-
|
| Gross profit (loss) |
3,745,611
|
57,436,839
|
-93.48
|
| Operational profit (loss) |
-29,674,679
|
15,062,544
|
-
|
*All figures are in Saudi Arabia, Riyals
| Element | EXPLAINATION |
|---|---|
| Reasons of annual financial results | The achiving losses during the year 2017 is mainly due to sharp decrase in the company revenue |
| Reclassifications in annual financial results | The comparative figures for the year 2016 have been adjusted to comply with International Financial Reporting Standards |
| Other notes | Total revenues for current year ending 31 December 2017 is 31.8 million riyals as compared to 105.3 million riyals in the corresponding year 2016 with a decrease of 69.80% Total shareholders’ equity (excluding minority) as of 31 December 2017 is 3,140 million riyals as compared to 3,162 million riyals in the corresponding year 2016 with a decrease of 0.71%. The Accumulated losses for the current year 2017 is 251.6 million riyals with percentage of 7.414 % of the capital and the accumulated losses for the corresponding year 2016 is 229.8 million riyals with percentage of 6.772 %of the capital The comprehensive loss attributable to Owners of the Company for the current year 2017 is 22.5 million riyals compared to previous year profit of 13.9 million riyal which represent an increase in the loss by 262% The loss per share for current year ending 31 Dec 2017 is (0.064) riyal compared to 0.041 riyal in the corresponding year 2016. |
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