5110 · 19/01/2015 17:28:06 · Announcement #36764 · View on Saudi Exchange

Saudi Electricity Company announces the interim financial results for the period ending on 31-12-2014 (Twelve Months)

Element Current quarter Similar quarter for previous year % Change current Previous quarter % Change previous
Net profit (loss)
-
-
-
2,668
-
Gross profit (loss)
-
-
-
2,814
-
Operational profit (loss)
-
-
-
2,586
-
All figures are in (Millions) Saudi Arabia, Riyals
Element Current period Similar period for previous year % Change
Net profit (loss)
3,611
3,036
18.94
Gross profit (loss)
2,036
2,641
-
Operational profit (loss)
1,107
1,981
-
Earning or loss per share, Riyals
0.87
0.73
-
All figures are in (Millions) Saudi Arabia, Riyals
Element EXPLAINATION
Reasons of increase (decrease) for quarter compared with same quarter last year The reason for the rise in net loss for the current quarter compared to the same quarter of the previous year mainly to implement the Convention on the use of the transport system, and high consumption.
Reasons of increase (decrease) for period compared with same period last year The reason for the rise in net profit for the current period compared with the same period the previous year, mainly to settle the debts of previous allocations against which is configured in addition to the improvement in operating income
Reasons of increase (decrease) for quarter compared with previous quarter The reason for the loss in the current quarter compared to the previous quarter of this year to seasonal weather factors if the company's revenues are substantially less during the winter months and increases during the summer months and higher depreciation expenses.
Reclassifications in quarterly financial results Reclassifications were made in comparative numbers to conform to the current period presentation

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.