| Reasons of increase (decrease) for quarter compared with same quarter last year |
The decrease in net income for the second quarter of 2018 compared to the same quarter of 2017 of 87.93 % is mainly due to: - The decrease in gross profit of SAR 9,379,306 due to the increase in operating cost equivalent to 86% compared to 78% for the same quarter last year is mainly due to an increase in labor cost starting from year 2018. - An increase in general and administrative expenses of SAR 4,696,462 is due to the expenses related to the acquisition transactions and the administration expenses in the subsidiaries. |
| Reasons of increase (decrease) for period compared with same period last year |
The decrease in net income during the first half of 2018 comparing with the same period last year 2017 of 76.77% is mainly due to: - The decrease in gross profit of SAR 16,201,569 due to the increase in operating cost, an increase equivalent to 86% compared to 78% for the same period last year is mainly due to an increase in labor cost starting from year 2018. - An increase in general and administrative expenses of SAR 6,798,193 is due to the expenses related to the acquisition transactions and the administration expenses in the subsidiaries. |
| Reasons of increase (decrease) for quarter compared with previous quarter |
The decrease in net income for the second quarter of 2018 compared to the previous quarter of 50.92 % is mainly due to an increase in general and administrative expenses of SAR 1,928,383 |
| Reclassifications in quarterly financial results |
Prior period figures have been re-classified to conform to the presentation in the current period. |
| Other notes |
-Revenue for the current quarter amounted to SAR 128,120,844 compared to SAR 121,079,098 for the same quarter of last year, an increase equivalent to 5.8 % Compared to the previous quarters total of SAR 127,446,585 the increase was equivalent to 0.53 %. - Revenue for the first half, 2018, amounted to 255,567,429 SAR compared to 237,199,449 SAR for the same period last year, Increase equivalent to 7.7 % -Total Comprehensive Net Income for the quarter amounted to SAR 1,937,923 compared to SAR 16,052,478 for the same quarter of last year the decrease equivalent to 87.93% compared to the previous quarters amount of SAR 3,948,632 the decrease was equivalent to 50.92% - Total Comprehensive Income for the first half, 2018 amounted to 5,886,555 SAR compared to 25,341,150 SAR for the same period of last year the decrease was equivalent to 76.77% -Total shareholders equity (after exclusion of minority rights) as of 30 Jun 2018 was SAR 358,916,742 compared to SAR 325,804,010 for the same period of last year an increase equivalent to 10.16%. -The profit per share was calculated for the current quarter, and the previous periods based on the updated number of shares, that is to reflect the increase in capital from 24m to 30m share through the bonus shares approved on April 29 2018. - The external auditor has examined financial statements for the period ended June 30, 2018 and issued an unmodified report. |
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