| Reasons of increase (decrease) for quarter compared with same quarter last year |
The net loss is mainly attributable to lower average sale price and decreased sales volume as a result of subdued market demand for cement, fierce competition and Ramadan & Eid holiday and low production capacity utilization. |
| Reasons of increase (decrease) for period compared with same period last year |
Decrease in net profit is mainly attributable to lower average sale price and decreased sales volume as a result of subdued market demand for cement, fierce competition and low production capacity utilization. |
| Reasons of increase (decrease) for quarter compared with previous quarter |
The net loss is mainly attributable to lower average sale price and decreased sales volume due to low cement demand because of Ramadan & Eid holiday. Other income also decreased. |
| Reclassifications in quarterly financial results |
Items, elements and notes of the comparatives Condensed Consolidated Interim Financial Statements have been redisplayed, regrouped and reclassified to meet with the applied accounting policies for the current period which have been prepared according to the International Financial Reporting Standards (IFRS) that are endorsed in the Kingdom of Saudi Arabia. |
| Other notes |
Total net revenue during the current quarter reached to SAR 78 million compared to SAR 162 million for the same quarter of the previous year, decreasing by 52%. The net revenue decreased to SAR 189.40 million during the six months ended 30 June 2017 as compared to SAR 386.70 million in the corresponding period, thus decreasing by 51%. For the second quarter, comprehensive income (loss) reached to SAR 4.22 million, compared to the corresponding quarter of the last year SAR 33.87million compared to the previous quarter SAR 11.22 million, comprehensive income for the for the six months ended 30 June 2017 amounted to SAR 6.99 million, a decrease of 92.65% as compared to the corresponding period SAR 95.20 million in the corresponding period. Total shareholders' equity amounted (There are no non-controlling Interests) as at 30 June 2017 amounted to SAR 2,068 million as compared to SAR 2,123 million as at 31 December 2016, a decrease of 2.59%. |
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