Ash-Sharqiyah Development Co. announces the interim financial results for the period ending on 31-12-2015 (Twelve Months)

Element	Current quarter	Similar quarter for previous year	% Change current	Previous quarter	% Change previous
Net profit (loss)	770,113	214,930	258.31	561,771	37.09
Gross profit (loss)	1,660,350	1,100,976	50.81	2,429,426	-
Operational profit (loss)	565,044	-	-	559,267	1.03
All figures are in Saudi Arabia, Riyals

Element	Current period	Similar period for previous year	% Change
Net profit (loss)	9,007,822	-	-
Gross profit (loss)	8,404,333	1,167,020	620.15
Operational profit (loss)	1,690,257	-	-
Earning or loss per share, Riyals	1.2	-	-
All figures are in Saudi Arabia, Riyals

Element	EXPLAINATION
Reasons of increase (decrease) for quarter compared with same quarter last year	The reason for making profits through the current quarter, compared to the same quarter from a year earlier to:First: Despite the sales decline from 6.8 million to 5.7 million due to stop harvesting agricultural fields for 15 days because of rain, but that there was a decline in costs from 5.7 million to 4.04 million, which achieved a total profit of 1.7 million in the quarter compared with the same quarter the previous year to 1.1 million.Second: There was a decrease in general and administrative expenses of 1.53 million to 1.1 million, which contributed to the achievement of an operating profit rate of 0.57 million compared to 0.42 million operating loss for the same quarter of last year.Third: Company made a net profit rate of 0.77 million riyals compared to net profit of 0.21 million, due to the achievement of an operating profit rate of 0.57 million in addition to realize capital income from scrap sales and rentals and other miscellaneous incomes of 0.27 million has been allocated for Zakat amount of Correction 0 0.06 million compared to 0.42 million by an operating loss of capital and income from scrap sales and rentals and other miscellaneous revenues of 0.64 million for the same period last year
Reasons of increase (decrease) for period compared with same period last year	The reason for making profits during the current period compared to the corresponding period of the previous year to: First: Increase sales of 19.42 million to 23.28 million, an increase of 20% due to increased agricultural fields resulting in increased feed production as well as the improvement of raw milk costs and lower sales prices of sales contracts from 18.25 million to 14.87 million, a decrease of 19% due to the optimal use of the resources of the company and planning positive, which contributed to the total profit of 8.40 million, compared to gross profit of 1.17 million for the same period last year. Second: Despite the increase in general and administrative expenses of 5.47 million to 6.71 million and by 23% due to the creation of new jobs and attract administrative and technical cadres highly efficient and also enhance security management company members and new allocation of $ 0.2 million to extinguish the goods stagnant from inventory and increased depreciation balance, however, the company achieved an operating profit rate of 1.69 million compared to 4.31 million operating loss for the same period last year. Third: Company made a net profit rate of 9.01 million riyals compared to a net loss of 2.48 million, due to the achievement of an operating profit rate of 1.69 million in addition to achieving a profit from the sale of the company's share in the origination rate of 5.73 million and the company to achieve profits from investments in companies by 0.30 million capital and revenue from scrap sales and rentals and other miscellaneous revenues of 1.51 million has been allocated for Zakat Correction of $ 0.23 million compared to 4.31 million by operating losses and profits from investments in companies by 0.45 million and income from capital Scrap sales and rentals and other miscellaneous revenues of 1.38 million for the same period last year.
Reasons of increase (decrease) for quarter compared with previous quarter	The reason for the slight rise in profits during the current quarter compared to the previous quarter:First: Stop despite the harvest fields for 15 days due to bad weather and precipitation as reflected in the sales where sales have been reduced from 6.14 million to 5.7 million and there was also an increase in the cost of sales by 9%, which contributed to the decrease in gross profit of 2.43 million to the total profit of 1.66 million in the previous quarter and 32%.Second: Despite the decline in gross profit, but that the decline in general and administrative expenses from 1.6 million to 0.83 million, and 49% contributed to the operating profit rate of 0.57 million compared to 0.56 million for the previous quarter and a rate of 01% quarterly growth.Third: In spite of the company to achieve a slight increase in operating profit, but the company made a net profit rate of 0.77 million riyals compared to net profit of 0.56 million in the previous quarter due to realize capital income (scrap sales) and rents and other miscellaneous income of 0.26 Correction million and the allocation of Zakat rate of 0.06 million riyals
Reclassifications in quarterly financial results	Certain figures of budget of 2014 have been re-budget to compatible compatible with the method of presentationfor for the current period.
Other notes	Shareholders' entitlements increased at the end of the third quarter of the current year to 67.94 million riyals compared with 58.93 at the end of the year 2014 with a rate of 15% and increased book value per share to 9.06 riyals.

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