5110 · 24/02/2015 08:24:56 · Announcement #37293 · View on Saudi Exchange

Saudi Electricity Company announces the annual financial results Consolidated for the period ending on 31-12-2014

Element Current year Previous year % Change
Net profit (loss)
3,607
3,036
18.81
Earning or loss per share, Riyals
0.87
0.73
-
Gross profit (loss)
2,028
2,641
-23.21
Operational profit (loss)
1,098
1,981
-44.57

*All figures are in (Millions) Saudi Arabia, Riyals

Element EXPLAINATION
Reasons of annual financial results The reason for the rise in net profit for the current year compared with the same year for the previous year, mainly to settle the debts of previous allocations against which is configured in addition to the improvement in operating income
Reclassifications in annual financial results Reclassifications were made in comparative numbers to conform to the current period presentation

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