| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) |
38.7
|
23.6
|
63.98
|
27.4
|
41.24
|
| Gross profit (loss) |
83.2
|
72
|
15.56
|
83.9
|
-
|
| Operational profit (loss) |
37.2
|
31.3
|
18.85
|
38.4
|
-
|
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element | Current period | Similar period for previous year | % Change |
|---|---|---|---|
| Net profit (loss) |
115.1
|
90.8
|
26.76 |
| Gross profit (loss) |
334.3
|
308.4
|
8.4 |
| Operational profit (loss) |
148.7
|
134.3
|
10.72 |
| Earning or loss per share, Riyals |
4.03
|
3.18
|
- |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element | EXPLAINATION |
|---|---|
| Reasons of increase (decrease) for quarter compared with same quarter last year | Increase in net profit is derived from the decrease in cost of goods sold from reduction in cost of key raw materials in addition to incomes from insurances claim refund arise from Boiler breakage accident in 2014, despite sales decrease in same quarter from Million 264 SR to Million 263 SR during current quarter due to political conditions in the region which has a direct impact on Export market Add to the main mentioned reasons for profit increase for the current quarter compared to previous quarter, additional reason for profit increase is the fact that there is no need to build doubtful debts provision for this quarter while the inventory provision for spare parts has been increased to meet the disposal plan of old Machinery |
| Reasons of increase (decrease) for period compared with same period last year | Increase in net profit is derived from the increase in sales compared to last year since it reached Billion 1.075 SR versus Billion 1.065 SR representing 1 % in addition to reduction in cost of key raw materials and the favorable impact of change in corporate Income tax rate for Egypt subsidiary which soften the impact of exchange rate differences from Egyptian pound devaluation versus US dollar, in addition to profit generated from Islamic Murabaha in Subsidiary company plus the income from insurances claim refund arise from Boiler breakage accident in 2014 while the inventory provision for spare parts has been increased to meet the disposal plan of old Machinery |
| Reasons of increase (decrease) for quarter compared with previous quarter | Increase is derived from the decrease in cost of goods sold from reduction in cost of key raw materials in addition to the income from insurances claim refund arise from Boiler breakage accident in 2014 reaching Million 38.7 SR in current quarter versus Million 27.4 SR in previous quarter same year representing 41.1 % derived from sales increase in current quarter with value Million 262.7 SR compared to Million 258 in previous quarter same year representing 1.8%, plus the currency appreciation in the subsidiary company in last quarter of 2015 while the inventory provision for spare parts has been increased to meet the disposal plan of old Machinery |
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