| ELEMENT |
EXPLAINATION |
| REASONS OF INCREASE (DECREASE) FOR QUARTER COMPARED WITH SAME QUARTER LAST YEAR |
Due to increase in the operating revenues by 55% due to the seasonal nature as Eid al-Fitr and Eid aladha in the third quarter of this year as well as the acquisition of Zaiti Co. which impacts positively on gross profit, operating income and net profit. In spite of increase in general and administration expenses due to increase in recruitment cost and inclusion the loss of investments amounting to SR 261,000 in the current quarter (SR 1.5 million profits in previous quarter) , Decrease in the selling and marketing expenses by 20% and Decrease in banking charges by 21%. |
| REASONS OF INCREASE (DECREASE) FOR PERIOD COMPARED WITH SAME PERIOD LAST YEAR |
decreased in investment revenues due to the liquidation of some investment portfolios and liquidation of the public equity portfolio owned by the company within the last period ended Sep. 30, 2014, inclusion of the cost of Zaiti acquisition in the current period amounting to SR 3.6 million, increase in Zakat Provision and increase in general and administration expenses due to increase in recruitment cost. |
| REASONS OF INCREASE (DECREASE) FOR QUARTER COMPARED WITH PREVIOUS QUARTER |
Due to increase in the operating revenues by 20% due to Eid al-Fitr and Eid aladha in the third quarter as well as the positive impact of the acquisition of Zaiti Co. for three months for this quarter compared to two months for the last quarter, which impact positively on the gross profit, operating income and net profit, in spite of include the loss of investments amounting to SR 261,000 in the current quarter, as well as, include of the cost of Zaiti acquisition amounting to SR 3.6 million on the last quarter, decrease in the selling and marketing expenses and increase in other incomes achieved by the capital gains resulted from selling some assets. |
| RECLASSIFICATIONS IN QUARTERLY FINANCIAL RESULTS |
Certain comparative figures have been reclassified to conform to current period's presentation. |
| OTHER NOTES |
The operating revenues for this quarter has increased by 55% to reach (192) million compared to the same quarter last year (124) million because of the growing operating income for the retail sector in addition to the positive impact of the acquisition of Zaiti Co.
The operating revenues for this period has increased by 43% to reach (478) million compared to the same period last year (335) million because of the growing operating income for the retail sector in addition to the positive impact of the acquisition of Zaiti Co.
Earnings per share had been adjusted for previous year to reflect the stock increment from (45 million) to (54 million) which was approved by AGM held in 6 May 2015. |