| Reasons of increase (decrease) for quarter compared with same quarter last year |
A net profit in the current quarter compared with the same quarter of last year is achieved mainly due to the increase in sales; as the Group has achieved sales amounting to 71.6 million SAR in the fourth quarter of the year 2014, compared with sales amounting to 54.7 million SAR in the same quarter of last year, which represents an increase of 30.90%, and this had a positive impact on the improvement in gross profit of sales totaling 32.1 million SAR in the fourth quarter of the year 2014 compared with 21.8 million SAR achieved in the same quarter of last year, with an increase amounting to 10.3 million SAR; which helped the Group to reduce the passive influence of the increase in expenses, an amount of 8.3 million SAR in the current quarter compared with the same quarter of last year. In addition to the increase in other earnings with an amount of 1.2 million SAR in the fourth quarter of the year 2014 compared with the same quarter of last year. |
| Reasons of increase (decrease) for period compared with same period last year |
The increase in net profit, in the year 2014, by 24.40%, compared with the net profit of the year 2013, is mainly due to the increase in investment earnings with an amount of 11.4 million SAR, wich represents an increase of 92.94%. Worth mentionning that the Group has achieved sales totalling 298.4 million SAR in the year 2014 compared with 249.4 million SAR in the year 2013, which represents an increase of 19.65%, and this had a positive impact on the improvement in gross profit of sales amounting to 142.9 million SAR in the year 2014 compared with 123.5 million SAR in the year 2013, with an increase amounting to 19.4 million SAR; which had a positive impact on reducing the passive influence of the increase in expenses, by 23.42%, with an amount of 21.9 million SAR, in the year 2014 compared with the year 2013, in addition to the decrease in the net of other revenues and expenses with an amount of 187 thousand SAR in the year 2014 compared with the year 2013. |
| Reasons of increase (decrease) for quarter compared with previous quarter |
The reason for the decrease in net profit during the fourth quarter compared with the net profit in the third quarter of the year 2014 (previous quarter) is mainly due to the decrease in sales by 7.49%, as the Group has achieved sales amounting to 71.6 million SAR in the fourth quarter compared with sales amounting to 77.4 million SAR in the third quarter of the year 2014 (previous quarter). The gross margin decreased; which caused the gross profit of sales to decline by 14.68%, with an amount of 5.5 million SAR, in the fourth quarter compared with the third quarter of the year 2014 (previous quarter). In addition, the Group did not achieve any investment earnings in the fourth quarter of the year 2014, while it has achieved 2.5 million SAR in the third quarter of the year 2014 (previous quarter). Worth mentionning that the total expenses decreased by 4.55%, an amount of 1.4 million SAR in the fourth quarter compared with the third quarter of the year 2014 (previous quarter). Zakat expense also decreased by 27.06%, an amount of 516 thousand SAR, in the fourth quarter compared with the third quarter of the year 2014 (previous quarter); which reduced the passive influence of the decrease in net profit. |
| Reclassifications in quarterly financial results |
Certain comparative figure have been reclassified to conform with the presentation in the current period. |
