| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 247.84 | 319.51 | -22.431 | 223.46 | 10.91 |
| Gross Profit (Loss) | 32.48 | 48.37 | -32.85 | 37.14 | -12.547 |
| Operational Profit (Loss) | 14.88 | 26.87 | -44.622 | 21.73 | -31.523 |
| Net Profit (Loss) after Zakat and Tax | 10.43 | 24.41 | -57.271 | 16.04 | -34.975 |
| Total Comprehensive Income | 9.62 | 22.15 | -56.568 | 16.92 | -43.144 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 471.3 | 547.55 | -13.925 |
| Gross Profit (Loss) | 69.63 | 86.32 | -19.335 |
| Operational Profit (Loss) | 36.62 | 48.79 | -24.943 |
| Net Profit (Loss) after Zakat and Tax | 26.47 | 41.34 | -35.97 |
| Total Comprehensive Income | 26.55 | 40.17 | -33.905 |
| Total Share Holders Equity (after Deducting Minority Equity) | 312.9 | 308.35 | 1.475 |
| Profit (Loss) per Share | 1.06 | 1.65 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | Revenue from Contracts: The company posted a sales revenue of SAR. 247.84M in the current quarter against SAR. 319.51M in similar quarter of last year. The decrease is mainly attributed to recognition of milestones falling in the subsequent period(s) due to certain orders which have a long projects cycle and timing delay of new project awards during the quarter which will be realized in subsequent period(s). |
Gross Profit: MIS posted a gross profit of SAR 32.48M in the current quarter versus SAR 48.37M in the similar period in previous year. The reason for decrease in gross margin contribution was due to drop in revenue.
Selling & marketing expenses were SAR 2.4M in the current quarter versus SAR 2.1M in the same period of previous year. As such the expenses have been consistent.
General & administration expenses were SAR 14.3M in the current quarter versus SAR 14.5M in the same period of previous year, with no major changes.
Finance Cost amounted to SAR 4.8Million in the current quarter versus SAR 4.6M in the same period of previous year, with no major changes.
Net Income (before adding comprehensive income) for the current quarter was SAR 10.43M versus SAR 24.41M during the same period in the previous year. This is mainly due to drop in revenue; and slight change in the sales mix of products, solutions and services
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