| Reasons of increase (decrease) for quarter compared with same quarter last year |
The main reasons for the increase in net profit, gross profit and operating profit are increase in sales value and average selling price, decrease in finance cost because of reduction in average borrowings level and average borrowings rates and increase in fair value of derivative financial instruments, however the impact of above is partially offset by decrease in sales volume, the increase in cost of sales per ton, general and admin expenses and selling and distribution expenses and zakat expense as well as decrease in other income. |
| Reasons of increase (decrease) for quarter compared with previous quarter |
The main reasons for the increase in net profit, gross profit and operating profit are increase in sales value, sales volume and average selling price and decrease in finance cost because of reduction in average borrowings level, however the impact of above is partially offset by decrease in fair value of derivative financial instruments and increase in cost of sales per ton, general and admin expenses and selling and distribution expenses, decrease in other income and increase in zakat expense. |
| Other notes |
1- Sales revenues for the quarter amounted to SR 225.01 Million compared to SAR 166.50 Million for the same quarter last year, an increase of 35% and compared to SAR 205.05 Million for the previous quarter an increase of 10%. 2- Total comprehensive income for the quarter amounted to SR 28.08 Million as compared to SR 3.25 Million for the same quarter last year, an increase of 763% and compared to a total comprehensive income of SAR 22.77 Million for the previous quarter, an increase of 23%. 3- The total shareholders' equity during the current period amounted to SR 750.46 Million compared to SR 696.72 Million for the same period last year, an increase of 7.7% (there are no minority rights). |
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