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SAUDI INDUSTRIAL SERVICES CO. ANNOUNCES THE INTERIM FINANCIAL RESULTS FOR THE PERIOD ENDING ON 30-09-2014 (NINE MONTHS)

Element Current quarter Similar quarter for previous year % Change Current Previous quarter % Change Previous
Net profit (loss) 25,526 11,243 127.04 21,721 17.52
Gross profit (loss) 86,419 62,639 37.96 71,874 20.24
Operational profit (loss) 51,433 31,195 64.88 40,994 25.46

 

Element Current quarter Similar quarter for previous year % Change Current
Net profit (loss) 59,615 44,276 34.64
Gross profit (loss) 214,609 200,323 7.13
Operational profit (loss) 119,476 110,013 8.6
Earning or loss per share, Riyals 0.88 0.65 -

 

 

Element Explaination
Reasons of increase (decrease) for quarter compared with same quarter last year Main contribution to improvement in operating results was storage and re-export business. Water desalination and distribution is also better as last year the operations had stopped for approximately 50 days due to fire in the neighboring sugar factory.
Reasons of increase (decrease) for period compared with same period last year Increase in operating results is mainly from storage and re-export business, compensation of SAR 5.7 million for old claims and better results from other investments.
Reasons of increase (decrease) for quarter compared with previous quarter Due to improvement in operating results and performance of the most of subsidiaries especially storage and re-export business, Port development business and Sea water desalination and distribution.
Reclassifications in quarterly financial results Certain comparative figures have been regrouped/reclassified to conform to the presentation in the current period. Furthermore, the comparative interim consolidated statement of income has been re-presented as if an operation that was discontinued during the current year had been discontinued from the beginning of the comparative year



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