Arabian Pipes Company announces the interim financial results for the period ending on 31-03-2015 (Three Months)

21 April 2015 09:24 AM

APC 2200 9.98% 105.80 9.60

Element		Current quarter	Similar quarter for previous year	% Change Current	Previous quarter	% Change Previous
Net profit (loss)		-6.33	-6.82	7.18	-20.27	68.77
Gross profit (loss)		16.03	10.29	55.78	-0.45	-
Operational profit (loss)		0.41	-0.32	-	-15.32	-
Earning or loss per share, Riyals		-0.16	-0.17	-	-	-

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 despite recorded a provision for slow movement inventory amounting SR 2.2 million and AR provision amounting SR 500 thousand recorded under admin exps. plus Jubail factory exps. during production stoppage period amounting SR 7.4 million recorded under cost of sales the loss reduction due to increase in production and sales which reduce the fixed cost and increase the gross profits and in addition the depreciation recorded in cost of sales for the period SR 8.9 million comparing with SR 1.7 million recorded in compared quarter
Reasons of increase (decrease) for quarter compared with previous quarter	Loss decrease comparing with previous quarter due to increase in sales and delivered contracts from Riyadh and Jubail factories
Reclassifications in quarterly financial results	Reclassification some compared figures last period to matching with this preiod presentation

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