All figures are in (Thousands) Saudi Arabia, Riyals
Element List
Current Period
Similar period for previous year
%Change
Sales/Revenue
1,053,036
968,477
8.731
Total Profit (Loss)
120,519
84,109
43.289
Profit (Loss) Operational
25,592
-36,629
-
Net Profit (Loss) after Zakat and Tax
2,498
-70,664
-
Total Comprehensive Income
2,364
-69,460
-
Total Share Holders Equity (after deducting minority equity)
721,702
843,499
-14.439
Profit (Loss) per Share
0.03
-0.74
All figures are in (Thousands) Saudi Arabia, Riyals
Accumulated Losses
Capital
Percentage %
-174,749
950,000
18.3
Element List
Explanation
Reason for increase (decrease) in net profit for current quarter compared to the same quarter of the previous year
The reason for recording a net profit in the current quarter compared to a net loss in same quarter of previous year is due to the increase in sales revenue, and the decrease in general and administrative expenses, selling and distribution expenses, in addition to the decrease in cost of revenue to revenue and the decrease in depreciation; despite the increase in the prices of raw material, and the increase in the financial charges.
Reason for increase (decrease) in net profit for current quarter compared to the previous quarter
The reason for the decrease in net profit in the current quarter compared to the net profit of the previous quarter is due to the decrease in sales revenue, and the increase in selling and distribution expenses, and financial charges.
Reason for increase (decrease) in net profit for current period compared to the similar period of the previous year
The reason for recording a net profit in the current period compared to a net loss in same period of last year is due to the increase in sales revenue, and the decrease in general and administrative expenses, selling and distribution expenses, in addition to the decrease in depreciation, and the decrease in Zakat provision after receiving the final Zakat assessment. Noting that the raw material prices have increased, which caused an increase in production costs.
Type of the external auditor's opinion
Unmodified opinion
Reclassifications in quarter financial result
Certain figures have been reclassified to comply with the current period presentation of the financial statements.
Additional Information
The impact of adopting IFRS 9 as at January 1, 2018 resulted in the decrease of shareholders equity by SAR 20.5 million; while there was no major impact for adopting IFRS 15 as at January 1,2018.
The profit per share for this quarter ended 30 September, 2018 was calculated by dividing the net profit of SAR 442 thousand on the weight average number of shares 95 million, and for the same quarter from the last year by dividing the net loss SAR 49 million on the weight average number of shares 95 million.
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