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Arabian Pipes Company announces the interim financial results for the period ending on 31-03-2014 (Three Months)

APC 2200 64.27% 173.80 68.00

Element Current quarter Similar quarter for previous year % Change Current Previous quarter % Change Previous
Net profit (loss) -6.82 -17.93 61.96 37.87 -
Gross profit (loss) 10.29 8.59 19.79 18.07 -43.05
Operational profit (loss) -0.32 -9.57 96.66 -5.73 94.42
Earning or loss per share, Riyals -0.17 -0.45 - - -
All figures are in (Millions) Saudi Arabia, Riyals

Element Explaination
Reasons of increase (decrease) for quarter compared with same quarter last year the loss reduction based on the decreased cost of production for Jubail factory due to start up production which positively impacted the gross profits also due to the reduction of the shipping cost as the quantity exported are less than the same period last year in addition to the decrease of the finance charges for the outstanding loans
Reasons of increase (decrease) for quarter compared with previous quarter the loss durring current quarter comparing with previos quarter due to profits from selling capital investment in previos quarter with notes if we exclude the investment profits impact the result of current quarter better the pervious quarter
Reclassifications in quarterly financial results Reclassification some compared figures last quarter by include deferred expenses within operating expenses instead of other expenses

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