Element List |
Explanation |
Reason for increase (decrease) in net profit for current quarter compared to the same quarter of the previous year |
The increase of net profit due to increase in sales which led to higher gross profit. as will as the increase in net other Income despite the increase in selling and marketing and the increase of General and Administration Expenses and the increase of finance cost- due to implementation IFRS (16) Rent Contracts- for current quarter compared to the same quarter of the previous year |
Reason for increase (decrease) in net profit for current quarter compared to the previous quarter |
The decrease of net profit due to decreasing in sales. and the increase in selling and marketing and the increase of General and Administration Expenses and the increase the of finance cost- due to implementation IFRS (16) Rent Contracts- despite the increase in net other Income for current quarter compared to the previous quarter for the previous year . The comparison for the quarter against the same quarter of the last year is more relevant since it is more aligned to similar market conditions and seasonality . |
Type of the external auditor's opinion |
Unmodified opinion |
Reclassifications in quarter financial result |
Some comparative figures have been reclassified to be consistent with the presentation of the current period |
Additional Information |
Starting the 1st of January 2019 the company has implementation IFRS (16) Rent Contracts. For more information regarding the impact of implementation of IFRS 16 Rent Contracts refer to note 4 (Summary of Significant Accounting Policies) attached to the financial statements for the quarter ended March 31, 2019 . |
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