| Reasons of increase (decrease) for quarter compared with same quarter last year |
losses in net profit compared to same quarter in previous year is derived from: 1-Forex Losses in subsidiary company from freeing exchange rate of Egyptian pound with impact of 57.9 Million Riyal. 2-Increase in sales and distribution expenses to support the new products launched in Saudi & Egyptian market despite the impact of the reverse of provision for doubtful accounts not required anymore. In addition to reversing income tax in subsidiary company as a result of the realized Forex losses and the increase in profit margin from the decrease in raw materials prices and the price increase on subsidiary company products. 3- Increase in depreciation of fixed assets related to the new industrial complex in Jeddah after its full operation in beginning of July 2016 and the Chicken factory in subsidiary company in Egypt and its related impact on results of 4th quarter of current year |
| Reasons of increase (decrease) for period compared with same period last year |
Decrease in net profit in current period compared to same period in previous year is derived from: 1-Decrease in sales by 8.1% versus previous year from the decrease in local and export sales in Saudi Arabia in addition to the impact of translation of subsidiary company sales. 2-Forex Losses in Subsidiary Company in Egypt from freeing exchange rate of Egyptian pound with impact of 75.8 Million Riyal. 3- Increase in sales and distribution expenses by 14.4 % versus same period of previous year in subsidiary company to support new chicken products for the new factory built in the Egyptian market. 4-Increase in depreciation of fixed assets related to the new industrial complex in Jeddah and the Chicken factory in subsidiary company. 5-Impact of devaluation of Egyptian Pound versus US dollar in subsidiary company leading to Forex losses versus same period of last year despite the reverse of income tax in subsidiary company as a result of the realized Forex losses in subsidiary company and the increase of profit margin from the decrease in raw materials prices in addition to the price increase on subsidiary company product |
| Reasons of increase (decrease) for quarter compared with previous quarter |
Decrease in net profit in current quarter compared to previous quarter in the current year is derived from: 1-Forex Losses in subsidiary company from freeing exchange rate of Egyptian pound with impact of 57.9 Million Riyal. 2-Decrease in sales by 16.5 % versus previous quarter from the decrease in local and export sales from the existing political and economic circumstances in the region in addition to the translation impact from Egyptian pound to Saudi riyal despite the reverse of provision for doubtful accounts in current quarter not required anymore and the increase in profit margin from the decrease of raw materials prices. 3-previous quarter results showed other income from sale of fixed assets in current period that did not appear in current quarter |
| Other notes |
1- Total revenues in current quarter reached 215.2 Million Riyal versus 262.7 Million Riyal for same quarter in previous year with a decrease of 18.1%. 2- Total revenues in current period reached 987.6 Million Riyal versus 1075.2 Million Riyal for same period in previous year with a decline of 8.1 %. 3- Shareholder's Equity (No minority interest) reached 529.6 Million riyal in current period versus 657 Million Riyal in same period of previous year with a decrease of 19.4 % |
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