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SAUDI INDUSTRIAL SERVICES CO. ANNOUNCES THE INTERIM FINANCIAL RESULTS FOR THE PERIOD ENDING ON 30-06-2015 (SIX MONTHS)

Element Current quarter Similar quarter for previous year % Change Current Previous quarter % Change Previous
Net profit (loss) 25,224 21,721 16.13 18,467 36.59
Gross profit (loss) 83,360 71,874 15.98 74,952 11.22
Operational profit (loss) 50,432 40,994 23.02 35,934 40.35

 

Element Current quarter Similar quarter for previous year % Change Current
Net profit (loss) 43,691 34,089 28.17
Gross profit (loss) 158,312 128,190 23.5
Operational profit (loss) 86,366 68,043 26.93
Earning or loss per share, Riyals 0.64 0.5 -

 

 

Element Explaination
Reasons of increase (decrease) for quarter compared with same quarter last year Improvement in operating results is mainly due to better performance of Port development business, and Sea water desalination business, also share of results from associated companies has increased as well.
Reasons of increase (decrease) for period compared with same period last year Due to improvement in operating results and performance of Port development business and storage and re-export business, the decrease in other income is because there was insurance compensation received of SAR 5.4 million in 2014.
Reasons of increase (decrease) for quarter compared with previous quarter Improvement in operating results is mainly due to better performance of Port development business, and Sea water desalination business
Reclassifications in quarterly financial results Certain comparative figures have been reclassified to conform to the presentation in the current period.



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