| Reasons of increase (decrease) for quarter compared with same quarter last year |
The main reasons for decline in profits are decrease in sales value and average selling price, Increase in cost of sales and increase in finance cost, despite increase in sales quantity, decrease in selling and distributing expenses, general and administrative expenses, other expenses and Zakat expenses. |
| Reasons of increase (decrease) for quarter compared with previous quarter |
The main reasons for the increase in profits are increase in sales quantity and value, in addition to decrease in general and administrative expenses, other expenses and finance cost despite the increase in Zakat Expenses. |
| Reclassifications in quarterly financial results |
Comparative figures have been revised as a result of the transition to IFRS. Refer to Note 4 (First time adoption of IFRS) can be found in the notes to the condensed consolidated interim financial statements for the period ended 31 March 2017. |
| Other notes |
Sales revenue for the quarter was SR 166.500 million compared to SAR 176.540 million for the same quarter last year, a decrease of 6%. Total comprehensive Income for the quarter was SR 3.253 million compared to SR 16.425 million for the same quarter last year, a decrease of 80% and as compared to Total Comprehensive loss SAR (12.950) million for the previous quarter, an increase of 125%. Total shareholders' equity for the current period amounted to SR 696.718 million compared to SR 641.383 million in the corresponding period of previous year, resulting an increase of 8% (and there is no minority rights). |
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