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Element

Current Year

Previous Year

% Change

Net profit (loss)

-5,508,896

33,630

-

Earning or loss per share, Riyals

-0.28

0

-

Gross profit (loss)

24,946,001

25,765,053

-3.18

Operational profit (loss)

-4,445,723

-2,604,771

-70.68

 

All figures are in Saudi Arabia, Riyals

 

Element

Explaination

Reasons of annual financial results

The main reason for the loss back in 2015 to increase the cost of sales due to decrease of sales and selling at a low price because of the intense competition in the market during the first three quarters of the year as well as increased depreciation as a result of adding assets during the year amounted of $ 14 million over the previous year, in addition of significant drop in other revenue of three million, eight hundred thousand SAR approx.

Other notes

Please be informed that the profit for share was 0.002 SAR last year.

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