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Interim financial results for the period ending on 30-06-2015

Thu Nov 19 17:07:03 AST 2020

Element Current quarter Similar quarter for previous year % Change current Previous quarter % Change previous
Net profit (loss) 35.9 37.7 -4.77 33.8 6.21
Gross profit (loss) 80.6 74.8 7.75 74.3 8.48
Operational profit (loss) 38.4 38.8 -1.03 36.3 5.79
All figures are in (Millions) Saudi Arabia, Riyals
Element Current period Similar period for previous year % Change
Net profit (loss) 69.7 63.3 10.11
Gross profit (loss) 155 130.3 18.96
Operational profit (loss) 74.7 67.3 11
Earning or loss per share, Riyals 2.9 2.64 -
All figures are in (Millions) Saudi Arabia, Riyals
Element EXPLAINATION
Reasons of increase (decrease) for quarter compared with same quarter last year Decrease in net profit is caused by the increase of promotional activities which has resulted in an increase in marketing expenses. Granting additional allowances to maintain national employment and development with the increase of additional inventives for the labors in general, adding to that the salary increase that took place in August and November 2014 has impacted the first and second quarter of the year 2015.
Reasons of increase (decrease) for period compared with same period last year 1-Increase in sales of all divisions consequently increased the gross profit 2-Decrease in finanacing expenses 3-Relative decrease in some operational expenses
Reasons of increase (decrease) for quarter compared with previous quarter 1-Increase in sales of all divisions consequently increased the gross profit 2-Decrease in finanacing expenses 3-Relative decrease in some operational expenses
Reclassifications in quarterly financial results certain comparative figures have been reclassified to conform with the current period presentation
Other notes The sales during the current quarter of the year amounted to SAR 349.4 Million compared to SAR 293.7 million for the same quarter of the last year at an increase of 18.95%. The sales during the current period amounted to SAR 658.8 million compared to SAR 522.5 million with the increase of 26.10%. New 2 stores have been opened in the current period at Riyadh.