All figures are in (Millions) Saudi Arabia, Riyals
Element List
Current Period
Similar period for previous year
%Change
Sales/Revenue
466.79
446.9
4.45
Total Profit (Loss)
45.28
68.14
-33.548
Profit (Loss) Operational
19.98
39.37
-49.25
Net Profit (Loss) after Zakat and Tax
11.82
29.17
-59.478
Total Comprehensive Income
11.82
29.17
-59.478
Total Share Holders Equity (after deducting minority equity)
1,184.8
1,212.48
-2.282
Profit (Loss) per Share
0.15
0.36
All figures are in (Millions) Saudi Arabia, Riyals
Accumulated Losses
Capital
Percentage %
0
812,500,000
0
Element List
Explanation
Reason for increase (decrease) in net profit for current quarter compared to the same quarter of the previous year
The reasons for the decline in gross profit, operating profit, net profit and and comprehensive income during the current quarter compared with the same quarter are due to the increase in the cost of materials attributed to sales, in general the cost of sales attributed to sales, as well as the increase in administrative and general expenses, In addition to the increase in Zakat provision.
Reason for increase (decrease) in net profit for current quarter compared to the previous quarter
The reasons for the increase in gross profit and the increase in the net operating profit during the current quarter compared to the previous quarter are due to the decrease in the cost of materials attributed to the sales and in general the decrease in the cost of sales to sales, despite the increase in selling expenses and administrative and general expenses. The reasons for the decrease in net profit and comprehensive income during the current quarter compared with the previous quarter are due to the increase in Zakat provision and the slight increase in financing expenses, as well as the decrease in other revenues.
Reason for increase (decrease) in net profit for current period compared to the similar period of the previous year
The reasons for the decline in gross profit, operating profit, net profit and net comprehensive income during the current period compared to the corresponding period of the previous year are due to the increase in the cost of materials attributed to sales and in general the cost of sales attributed to sales, as well as the increase in administrative and general expenses, In addition to the increase in Zakat provision.
Type of the external auditor's opinion
Unmodified opinion
Reclassifications in quarter financial result
The Company has adopted the International Financial Reporting Standards (IFRS) effective 1 January 2017. Accordingly, some changes in the Company's financial statements have been made in a number of items in the measurement, recognition, presentation and disclosure method for the current and comparative periods in accordance with the accounting policies adopted by the Company in accordance with accounting standards and International Financial Reporting Standards approved by the Saudi Organization for Certified Public Accountants.
Additional Information
There are no minority rights in Financial Statements
Comments