Reason for increase (decrease) in net profit for current quarter compared to the same quarter of the previous year | The decrease in net profit during the current quarter compared with the same quarter of last year is attributable to:- A Decrease in company products prices during the current quarter.- Accelerated depreciation of some asset related to the Polystyrene unit for SAR 236 million during the current quarter.- Non-operating profit during the fourth quarter of last year as a result of reversing Zakat provision.Noting that the company has gained non-operating profit during the current quarter due to receiving insurance claim proceeds of SAR 187 million. |
Reason for increase (decrease) in net profit for current quarter compared to the previous quarter | The decrease in net profit during the current quarter compared to the previous quarter is attributable to:- A Decrease in company product prices during the current quarter.- Accelerated depreciation of some asset related to the Polystyrene unit for SAR 236 million during the current quarter.- Increase in general and administrative expenses.- Increase in financial cost.Noting that the company has gained non-operating profit during the current quarter due to receiving insurance claim proceeds of SAR 187 million. |
Reason for increase (decrease) in net profit for current period compared to the similar period of the previous year | The increase in net profit during the current period compared with the same period of last year is attributable to:- Increase of sales value due to the improved production rates and average selling prices.- Decrease in general and administrative expenses.- Increase in Other income.- Decrease in Zakat expenses.Despite the increase in selling and marketing expenses due to the increase in sales and an increase in financing cost. |
Type of the external auditor’s opinion | Unmodified opinion |
Reclassifications in quarter financial result | Certain figures of the prior year have been re-classified to conform to the current period presentation. |