| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) |
37.06
|
35.1
|
5.58
|
25.24
|
46.83
|
| Gross profit (loss) |
281.08
|
258.42
|
8.77
|
230.89
|
21.74
|
| Operational profit (loss) |
56.46
|
49.92
|
13.1
|
39.63
|
42.47
|
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element | Current period | Similar period for previous year | % Change |
|---|---|---|---|
| Net profit (loss) |
62.29
|
61.26
|
1.68 |
| Gross profit (loss) |
511.96
|
467.64
|
9.48 |
| Operational profit (loss) |
96.09
|
86.74
|
10.78 |
| Earning or loss per share, Riyals |
0.74
|
0.72
|
- |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element | EXPLAINATION |
|---|---|
| Reasons of increase (decrease) for quarter compared with same quarter last year | Increase in the gross profit by 8.77% compared to the same period last year due to the decrease in materials cost and higher selling price of some of Agri crops as well as the improvement in operational effciency despite the increase in energy cost , on the other hand selling and distribution cost and general and administrative expenses have increased by 7.73% as a result of the selling horizontal expansion of the Dairy and foods processing sector , additionally the financing cost increased due to the increase of cost of money and the increase in loans outstanding , the net income was impacted negatievly by the decrease in other income and expenses while Zakat provision has a positive effect on the net income of the current quarter. On ther hand , the sales revneue of the dairy and foods processing sector grew by 5.89 % while sales of the Agri sector declined by 36.66% due to the stoppage of wheat planation and sale which affected the total company sales that declined by 2.33% |
| Reasons of increase (decrease) for period compared with same period last year | Increase in gross profit by 9.48% due to the decrease in materials cost and increae in some of Agri products selling prices with an inmprovement in operation effeciency despite the increase in energy cost compared to the same period last year , on the other hand selling and distribution cost and general and administrative expenses increased due to Dairy and foods processing horizental expansion , additionally the financing cost increased due to an increase in cost of money and the increase in loan outstanding , the net income was impacted neagtievly by the decrease in other income and expenses while Zakat provision has a positive effect on the net income of the current period, on the other hand sales of the dairy and foods manufacturing sectro grew by 4.93% while Agri sector declined by 36.20% due to the stoppage of wheat production and sales which affected the total company sales declining by 1.41% |
| Reasons of increase (decrease) for quarter compared with previous quarter | Increase in total company sales by 25.54% driven by the performance of the two sectors in which the Dairy and foods processing sector grew by 17.85% driven by the seasonality and consumptions patterns of the dairy and juice prodcuts while Agri sector sales grew by 131.08% due to the changes in plantation and harvesting timing of different crops , this has casued the gross profit to grow by 21.74% that resulted in net income increase, on the other hand there is increase in selling and distribution cost compared to the previous quarter due to the horizenatl expansion in sales activities while general and administrative expenses decreased with an increase in financinf cost while other income and expenses have negative effect on the net income |
| Reclassifications in quarterly financial results | Certain prior period figures have been re-classified to conform with the presentation in the current period |
| Other notes | The reported earnings per share has been recalculated for the similar period of last year on the basis of 84.7 million shares reflecting the bonus shares that has been approved by Extra ordinary general assembly on 29th Jumada Al-Thani 1437 corresponding to 7th April 2016 |
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