ELEMENT CURRENT QUARTER SIMILAR QUARTER FOR PREVIOUS YEAR % CHANGE CURRENT PREVIOUS QUARTER % CHANGE PREVIOUS
Net profit (loss) 14,815,260 7,328,575 102.16 16,052,478 -7.71
Gross profit (loss) 27,838,673 18,518,444 50.33 26,846,988 3.69
Operational profit (loss) 16,906,318 8,848,680 91.06 17,532,326 -3.57
All figures are in Saudi Arabia, Riyals
ELEMENT CURRENT PERIOD SIMILAR PERIOD FOR PREVIOUS YEAR % CHANGE
Net profit (loss) 40,156,409 33,385,662 20.28
Gross profit (loss) 78,871,844 59,466,845 32.63
Operational profit (loss) 48,643,818 29,894,610 62.72
Earning or loss per share, Riyals 1.67 1.39
All figures are in Saudi Arabia, Riyals
ELEMENT EXPLAINATION
Reasons of increase (decrease) for quarter compared with same quarter last year The main reason for the increase of 102.16 % in net income during the 3nd quarter of 2017 compared with the same quarter last year in 2016 is attributed to -The increase in operating revenue by 16,201,868 SAR, along with the decrease in the ratio of operating costs by 5.2% that led to an increase in gross profit by 9,320,229 SAR. -The decrease in Financing costs for the current quarter compared to the same quarter of the previous year by 692,581 SAR
Reasons of increase (decrease) for period compared with same period last year The main reason for the increase of 20.28 % in net income during the current period compared with the same period last year in 2016 is attributed mainly to: -The increase in operating revenue by 31,088,615 SAR, along with the decrease in the ratio of operating costs by 3.81% that led to an increase in gross profit 19,404,999 SAR. -The decrease in Financing costs for the current period compared to the same period of the previous year by 2,062,756 SAR.
Reasons of increase (decrease) for quarter compared with previous quarter The reason for the decrease of 7.71% in the net income for the 3nd quarter of 2017 compared with the previous quarter is attributed mainly to: -The increase in general and administrative expenses by 1,617,693 SAR. -The decrease in other income by 428,717SAR.
Reclassifications in quarterly financial results The consolidated interim 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 Interim Consolidated Financial Statements for the period ended in 30 Sep 2017.
Other notes -Revenue for the current quarter amounted to 125,965,576 SAR compared to a value of 109,763,708 SAR for the same quarter of last year, an increase equivalent to 14.8%. Compared to the previous quarter amount of 121,079,098 SAR, the increase was equivalent to 4 %
-Revenue for the current period amounted to 363,165,025 SAR compared to 332,076,410 SAR for the same period last year, an increase equivalent to 9.4%
-Total Comprehensive Net Income for the 3nd quarter of the current year amounted to 14,815,260 SAR compared to 2,407,351 SAR for the same quarter of last year, an increase equivalent to 515.42%. Compared to the previous quarter amount of 16,052,478 SAR, the decrease was equivalent to 7.7%
-Total Comprehensive Income for the current period amounted to 40,156,409 SAR compared to 27,426,181 SAR for the same period of last year, an increase equivalent to 46.4%
-Total shareholders’ equity (after exclusion of minority rights) as of 30, September 2017 was 340,619,269 SAR compared to 302,435,333 SAR for the same period of last year, an increase equivalent to 12.63%.
-The profit per share has been counted based on 24 million shares for the year 2016 and 24 million shares for the year 2017 due to increase the company capital from 180 million SR to 240 million SR Based on the approval of the extraordinary general assembly held on 21/02/1438 – 21/11/2016