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Interim financial results for the period ending on 31-12-2015
Fri Nov 20 19:03:33 AST 2020
Element Current quarter Similar quarter for previous year % Change current Previous quarter % Change previous Net profit (loss) 37.91 30.1 25.95 18.5 104.92 Gross profit (loss) 74.41 65.21 14.11 58.1 28.07 Operational profit (loss) 36.35 33.93 7.13 20.93 73.67 All figures are in (Millions) Saudi Arabia, Riyals Element Current period Similar period for previous year % Change Net profit (loss) 126.11 110.01 14.64 Gross profit (loss) 287.48 251.49 14.31 Operational profit (loss) 131.95 120.12 9.85 Earning or loss per share, Riyals 5.25 4.58 - All figures are in (Millions) Saudi Arabia, Riyals Element EXPLAINATION Reasons of increase (decrease) for quarter compared with same quarter last year 1- sales of newly opened stores in 2015 2- Increase in sales of all divisions while maintaining gross margin levels led to increase in gross margins 3- The positive impact of the final settlement of the insurance claim related to Takhassoussi store Reasons of increase (decrease) for period compared with same period last year 1- sales of newly opened stores in 2015 2- Increase in sales of all divisions led to increase in gross margins 3- The positive impact of the final settlement of the insurance claim related to Takhassoussi store Reasons of increase (decrease) for quarter compared with previous quarter 1- Increase in sales of all divisions led to increase in gross margins 2- relatively stable selling, marketing and general administrative expenses 3- The positive impact of the final settlement of the insurance claim related to Takhassoussi store Reclassifications in quarterly financial results comparative period figures has been reclassified to conform with current period classification numbers. Other notes The sales during the current quarter of the year amounted to SAR 352.74 Million compared to SAR 313.76 million for the same quarter of last year at an increase of 12.42%. The sales during the current period amounted to SAR 1,276.91 million compared to SAR 1,084.85 million with the increase of 17.70%. The increase in Other Revenues is due to The positive impact of the final settlement of the insurance claim related to Takhassoussi store amounting SAR 4.57 Million 3 New stores were opened during the current year in the kingdom. The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.