ELEMENT CURRENT QUARTER SIMILAR QUARTER FOR PREVIOUS YEAR % CHANGE CURRENT PREVIOUS QUARTER % CHANGE PREVIOUS
Net profit (loss) 12,419,918 -16,563,518 14,815,260 -16.17
Gross profit (loss) 25,679,363 17,815,154 44.14 27,838,673 -7.76
Operational profit (loss) 10,315,784 -2,344,719 16,906,318 -38.98
All figures are in Saudi Arabia, Riyals
ELEMENT CURRENT PERIOD SIMILAR PERIOD FOR PREVIOUS YEAR % CHANGE
Net profit (loss) 52,576,327 16,822,144 212.54
Gross profit (loss) 104,551,207 77,281,999 35.29
Operational profit (loss) 58,959,602 27,549,891 114.01
Earning or loss per share, Riyals 2.19 0.7
All figures are in Saudi Arabia, Riyals
ELEMENT EXPLAINATION
Reasons of increase (decrease) for quarter compared with same quarter last year There was a net profit in the fourth quarter of 2017 compared to a net loss in the same quarter of 2016 due mainly to -An increase in revenue of SAR 12,814,063 and a 5% decrease in cost of sales resulting in an increase in gross profit of SAR 7,864,209 -The decrease in general and administrative expenses of SAR 4,796,293 due to the same quarter of the previous year including administrative restructuring expenses for the Company -The same quarter of the previous year included net losses on investments and impairment losses on property and equipment amounting to SAR 12,664,436 -The decrease in financing costs for the current quarter compared to the same quarter of the previous year of SAR 570,133 -The increase in the gains from the sale of property and equipment for the current quarter compared to the same quarter of the previous year amounting to SAR 4,412,729
Reasons of increase (decrease) for period compared with same period last year The increase in net income for the current period (year) compared to the same period of 2016 of 212.54% is due mainly to -An increase in revenue of SAR 43,902,678 and a 5% decrease in cost of sales resulting in an increase in gross profit of SAR 27,269,208 -A decrease in general and administrative expenses of SAR 4,140,503 due to the same period last year on restructuring expenses of the Company -The decrease in investment losses, where losses on sale of investments amounted to SAR 1,605,828 in the current period compared to net investment losses and impairment of property and equipment amounting to SAR 9,486,709 for the same period last year -Decrease in financing costs for the current period compared to the corresponding period of the previous year amounting to SAR 2,632,889
Reasons of increase (decrease) for quarter compared with previous quarter The decrease in the net income of the company during the fourth quarter of 2017 compared to the previous quarter of 16.16% is due mainly to: -A decrease in revenue of SAR 3,126,776 resulting in a decrease in gross profit of SAR 2,159,310 -An increase in general and administrative expenses of SAR 4,431,225 -The current quarter includes the provision of doubtful debts of SR 4,427,084
Reclassifications in quarterly financial results The consolidated financial statements and their related items, elements and notes have been compared, redisplayed, regrouped and reclassified to meet with the applied accounting policies for the current period which have been prepared according to the International Financial Reporting Standards (IFRS) that are endorsed and applicable in the Kingdom of Saudi Arabia. For more information, please see the notes in the Annual Consolidated Financial Statements for the period ended in 31 Dec. 2017.
Other notes -Revenue for the current quarter amounted to SAR 122,838,800 SAR compared to SAR 110,024,737 for the same quarter of last year, an increase equivalent to 11.6%. Compared to the previous quarters total of SAR 125,965,576, the decrease was equivalent to2.5 % -Revenue for the current period amounted to SAR 486,003,825 compared to SAR 442,101,147 for the same period last year, an increase equivalent to 9.9% -Total Comprehensive Net Income for the 4th quarter of the current year amounted to SAR 12,410,918 compared to SAR 1,780,857 for the same quarter of last year, an increase equivalent to 596.9% compared to the previous quarters amount of SAR 14,815,260, the decrease was equivalent to 16.23% -Total Comprehensive Income for the current period amounted to SAR 52,567,327 compared to SAR 29,207,038 for the same period of last year, an increase equivalent to 80% -Total shareholders equity (after exclusion of minority rights) as of 31 December 2017 was SAR 353,030,187 compared to SAR 307,062,860 for the same period of last year, an increase equivalent to 14.97%. -The profit per share has been counted based on 24 million shares for the year 2016 and 24 million shares for the year 2017 a result of the increase the company capital from SAR 180 million to SAR 240 million based on the approval of the extraordinary general assembly held on 21/02/1438 – 21/11/2016.

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.