Jazan Development Co. announces the interim financial results for the period ending on 30-06-2013 (Six Months)

ELEMENT	CURRENT QUARTER	SIMILAR QUARTER FOR PREVIOUS YEAR	% CHANGE CURRENT	PREVIOUS QUARTER	% CHANGE PREVIOUS
Net profit (loss)	134,113,217	-6,326,796	-	21,870,793	513.21
Gross profit (loss)	-1,934,309	-5,798,658	66.64	-4,646,594	58.37
Operational profit (loss)	-6,369,548	-10,176,591	37.41	-8,155,507	21.9
All figures are in Saudi Arabia, Riyals

ELEMENT	CURRENT PERIOD	SIMILAR PERIOD FOR PREVIOUS YEAR	% CHANGE
Net profit (loss)	155,984,009	-10,374,260	-
Gross profit (loss)	-6,580,903	-8,987,362	26.78
Operational profit (loss)	-14,525,055	-16,513,306	12.04
Earning or loss per share, Riyals	3.12	-0.21	-
All figures are in Saudi Arabia, Riyals

ELEMENT	EXPLAINATION
Reasons of increase (decrease) for quarter compared with same quarter last year	increase in the sales value and the reduction of some cost items in addition to increase in net profit from investments
Reasons of increase (decrease) for period compared with same period last year	increase in the sales value and the reduction of some cost items in addition to increase in net profit from investments
Reasons of increase (decrease) for quarter compared with previous quarter	increase in the sales value and the reduction of some cost items in addition to increase in net profit from investments
Reclassifications in quarterly financial results	some corresponding figures for the first six months of the year 2012 have been reclassified to be aligned with the presentation of the current period of year 2013

Comments