ELEMENT | Current quarter | PREVIOUS YEAR | % Change Current | Previous quarter | % Change Previous |
---|---|---|---|---|---|
NET PROFIT (LOSS) | 286 | 590 | -51.53 | 379 | -24.54 |
GROSS PROFIT (LOSS) | 271 | 603 | -55.06 | 360 | -24.72 |
OPERATIONAL PROFIT (LOSS) | 256 | 583 | -56.09 | 342 | -25.15 |
EARNING OR LOSS PER SHARE, RIYALS | 0.69 | 1.42 | - | - | - |
All figures are in (Millions) Saudi Arabia, Riyals
ELEMENT | EXPLANATION |
---|---|
Reasons of increase (decrease) for quarter compared with same quarter last year | Lower selling prices for the company's products .However, increase in quantities sold for the company's products minimized the effect. |
Reasons of increase (decrease) for quarter compared with previous quarter | Lower selling prices for the company's products .However, increase in quantities sold for the company's products minimized the effect. |
Reclassifications in quarterly financial results | Certain previous period expenses have been re-classified to conform to the presentation of financial statements in the current period. |
OTHER NOTES | Earnings per share was based on the company's number of shares (416.666.666) after the approved increase in capital by the Extraordinary General Meeting of the company on 06.04.2015 |
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SAFCO - Saudi Arabia Fertilizers Co. issued this content on 17 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 20 April 2016 12:40:08 UTC
Original Document: http://www.safco.com.sa/en/news/2016/20160420-SAFCO-Announces-Anual-financial-results.aspx