AI Summary
| ELEMENT | CURRENT QUARTER | SIMILAR QUARTER FOR PREVIOUS YEAR | % CHANGE CURRENT | PREVIOUS QUARTER | % CHANGE PREVIOUS |
|---|---|---|---|---|---|
| Net profit (loss) | -2,076,616 | 21,870,792 | - | -27,675,618 | 92.5 |
| Gross profit (loss) | -240,807 | -4,646,594 | 94.82 | -3,633,636 | 93.37 |
| Operational profit (loss) | -3,060,943 | -8,155,507 | 62.47 | -9,113,274 | 66.41 |
| Earning or loss per share, Riyals | -0.04 | 0.44 | - | - | - |
| All figures are in Saudi Arabia, Riyals | |||||
| ELEMENT | EXPLAINATION |
|---|---|
| Reasons of increase (decrease) for quarter compared with same quarter last year | Due to non existance of net profit from the sale of land compared to the net profit of SR 28.6 million from the sale of land in the same quarter 2013 |
| Reasons of increase (decrease) for quarter compared with previous quarter | Due to the decrease in the operational expenses in the 1st quarter 2014 in addition to provision for Zakat from previous years and amortaization of previous years expenses the in previsous quarter 2013 |
| Reclassifications in quarterly financial results | some comperative figures for the 1st three months of the year 2013 have been reclassified to conform with the current period of the year 2014 |
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