All figures are in (Thousands) Saudi Arabia, Riyals
Element
Current period
Similar period for previous year
% Change
Net profit (loss)
8,492
-
-
Gross profit (loss)
22,846
-
-
Operational profit (loss)
10,393
-
-
Earning or loss per share, Riyals
1.41
-
-
All figures are in (Thousands) Saudi Arabia, Riyals
Element
EXPLAINATION
Reasons of increase (decrease) for quarter compared with previous quarter
The decrease in net profit during the quarter compared with the previous quarter is due to decreased sales due to seasonal sales during the previous quarter
Other notes
1) Sales for the quarter ended September 30 2017 amounted to SR 24 million compared to sales of the previous quarter ending 30 June 2017 which amounted to 48 million riyals, decrease of 24 million riyals representing 50% 2) sales for the period ended September 30, amounted to 2017 98 million riyals 3)total shareholders equity ( before non-controlling interest ) as at 30 September 2017 109 million riyals 4) The consolidated financial statements have been reviewed in accordance with the Financial Reporting Standard issued by the Saudi Organization of Certified Public Accountants. 5) There are no comparative figures where no consolidated financial statements exist for this period as the company became a public shareholding company on 26/02/2017
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