Sisco announces the approval of increase in share capital of one of its associate companies (International Water Distribution Co. Ltd)(TAWZEA) (owned equally by SISCO & Amiantit) on Monday 15/12/2014 to support the execution of water management projects in the industrial cities; from SAR 101 M to SAR 146 M, by converting the shareholders loans of SAR 45 M (SISCO share is SAR 22.5 M i.e. 50% of the increase) to the share capital of TAWZEA. This increase in share capital has no change to the shareholding percentage of each shareholder (i.e. 50% each). The legal formalities are currently being undertaken to reflect this increase in share capital of TAWZEA.
| 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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| Element | Current quarter | Similar quarter for previous year | % Change Current | Previous quarter | % Change Previous |
|---|---|---|---|---|---|
| Net profit (loss) | 21,721 | 19,596 | 10.84 | 12,368 | 25.62 |
| Gross profit (loss) | 71,874 | 76,212 | -5.69 | 56,315 | 27.63 |
| Operational profit (loss) | 40,994 | 44,067 | -6.97 | 27,049 | 51.55 |
| Element | Current quarter | Similar quarter for previous year | % Change Current |
|---|---|---|---|
| Net profit (loss) | 34,089 | 33,033 | 3.2 |
| Gross profit (loss) | 128,190 | 137,683 | -6.89 |
| Operational profit (loss) | 68,043 | 78,818 | -13.67 |
| Earning or loss per share, Riyals | 0.5 | 0.49 | - |
| Element | Explaination |
|---|---|
| Reasons of increase (decrease) for quarter compared with same quarter last year | Due to improvement in operating results and performance of the most of subsidiaries especially storage and re-export business. |
| Reasons of increase (decrease) for period compared with same period last year | Due to compensation received 5.7million Saudi Riyals for old claims. |
| Reasons of increase (decrease) for quarter compared with previous quarter | Due to improvement in operating results and performance of the most of subsidiaries. |
| Reclassifications in quarterly financial results | certain copmarative figures have been regrouped to conform to the presentation in the current period . further more the comparative interm consolidated statement of income has been represented as if an operation that was discontinued during the current year had been discontinued from the beginning of the comparative year |
Available only in Arabic
Available Only in Arabic
Available in Arabic Only
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Available only in Arabic
Available only in Arabic