1438/11/07 Sun July 30, 2017 08:06:18
| ELEMENT | CURRENT QUARTER | SIMILAR QUARTER FOR PREVIOUS YEAR | % CHANGE CURRENT | PREVIOUS QUARTER | % CHANGE PREVIOUS |
| Net profit (loss) : | 94 | 249 | -62.25 | 165 | -43.03 |
| Gross profit (loss) : | 121 | 282 | -57.09 | 191 | -36.65 |
| Operational profit (loss) : | 99 | 257 | -61.48 | 168 | -41.07 |
All figures are in (Millions) Saudi Arabia, Riyals
| ELEMENT | CURRENT PERIOD | SIMILAR PERIOD FOR PREVIOUS YEAR | % CHANGE |
| Net profit (loss): | 259 | 512 | -49.41 |
| Gross profit (loss): | 312 | 578 | -46.02 |
| Operational profit (loss): | 267 | 529 | -49.53 |
| Earning or loss per share, Riyals: | 1.69 | 3.35 | — |
All figures are in (Millions) Saudi Arabia, Riyals
| ELEMENT | EXPLAINATION |
| Reasons of increase (decrease) for quarter compared with same quarter last year: | The reason of decrease in net profit is due to the decrease in sales quantities and value as a result of decrease in local demand on cement, decrease in share in net results of associates companies and decrease in other income. |
| Reasons of increase (decrease) for period compared with same period last year: | The reason of decrease in net profit is due to the decrease in sales quantities and value as a result of decrease in local demand on cement. |
| Reasons of increase (decrease) for quarter compared with previous quarter: | The reason of decrease in net profit is due to the decrease in sales quantities and value as a result of decrease in local demand on cement, decrease in other income and increase in Islamic financial charges. |
| Reclassifications in quarterly financial results: | Comparative previous period figures were re-computed and reclassified to comply with current period presentation which was prepared based on IFRS. |
| Other notes : | – Total sales for current quarter was SR 269.5 Million compared with SR 498.8 Million for the same quarter of last year, a decrease of 46%.Total sales for current period was SR 615.8 Million compared with SR 1,005.7 Million for the same period of last year, a decrease of 38.8% .
– Total Comprehensive Income for the current quarter was 94 Million compared with 249 Million for the same quarter of last year, decrease of 62.25% and compared with last quarter comprehensive income of SR 165 Million, decrease of 43.03%. – Total Comprehensive Income for the current period was 259 Million compared with 512 Million for the same period of last year, decrease of 49.41%. Total Shareholder Equity ( no Minority Interest) for current period is SR 2,683 Million compared with SR 2,792 Million for the same period of last year, decrease of 3.9%. |
Click here to review the announcement in Tadawul’s Website.