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 lower average selling prices, noting that there was a decrease in sales and distribution expenses, general and administrative expenses, financing costs, zakat expenses, At the same time, an increase in other income during the current quarter. |
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 with previous quarter is attributable to lower average selling prices, noting that there was a decrease in sales and distribution expenses, general and administrative expenses, financing costs, zakat expenses, At the same time, an increase in other income during the current quarter. |
Reason for increase (decrease) in net profit for current period compared to the similar period of the previous year | The decrease in net profit during the current period compared with the similar period of last year is attributable to lower average selling prices, noting that there was a decrease in sales and distribution expenses, general and administrative expenses, financing costs, zakat expenses, At the same time, an increase in other income during the current period. |
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. |
Additional Information | From January 1, 2019, the Company has adopted IFRS 16 with no material impact on its interim financial statements. |