United Electronics Company (Extra) announces the Estimated financial results for the period ending on 30 June 2018 (SIX Months)
| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) | 45.6 | 43.4 | 5.07 | 21.6 | 111.11 |
| Gross profit (loss) | 185.1 | 172.8 | 7.12 | 152.9 | 21.06 |
| Operational profit (loss) | 50.1 | 44.5 | 12.58 | 25.1 | 99.6 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element | Current period | Similar period for previous year | % Change |
|---|---|---|---|
| Net profit (loss) | 67.2 | 56.4 | 19.15 |
| Gross profit (loss) | 338.1 | 307.2 | 10.06 |
| Operational profit (loss) | 75.4 | 58.5 | 28.89 |
| Earning or loss per share, Riyals | 1.6 | 1.34 | - |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element | EXPLAINATION |
|---|---|
| Reasons of increase (decrease) for quarter compared with same quarter last year | The increase of net profit due to increasing margins on some products and services. |
| Reasons of increase (decrease) for period compared with same period last year | The increase in net profit due to increase in sales compared to the same period last year, which led to higher gross profit in addition to increasing the margin on some products and services. |
| Reasons of increase (decrease) for quarter compared with previous quarter | The increase in net profit is due to the increase in sales in the current quarter compared with the previous quarter and the difference in the sales mix, which led to a rise in the value of gross profit and operating profit compared to the previous quarter. |
| Reclassifications in quarterly financial results | Some comparative figures have been reclassified to be consistent with the presentation of the current period. |
| Other notes | The estimated total sales for the second quarter is SR 1,015m, compared to the same quarter last year (SR 1,014m) The estimated total sales for the period is SR 1,880m, increased with 3.4% compared to the same period last year (SR 1,819m) As of Jun 30, 2018 Shareholder's equity (no minority interest) reached SAR 580.3m vs. SAR 513.1m (no minority interest) as of June 30, 2017 showing a increase of 13.1% The Total comprehensive income for the quarter amounted to 45.6M compared to the same quarter last year 43.4 M an increase of 5.1% and 25.6M in previous quarter with increase 111%. The Total comprehensive income for the period amounted to 67.2M compared to the same period last year 56.4 M an increase of 19.2% |
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