Arabian Pipes Company announces the interim financial results for the period ending on 30-09-2015 (Nine Months)

Element Current quarter Similar quarter for previous year % Change current Previous quarter % Change previous
Net profit (loss) -8.93 -11.2 20.27 -8.4 -6.31
Gross profit (loss) 8.17 8.82 -7.37 8.39 -2.62
Operational profit (loss) -1.35 -4.23 68.09 -2.19 38.36
All figures are in (Millions) Saudi Arabia, Riyals
Element Current period Similar period for previous year % Change
Net profit (loss) -23.66 -32.07 26.22
Gross profit (loss) 32.58 23.42 39.11
Operational profit (loss) -3.12 -11.89 73.76
Earning or loss per share, Riyals -0.59 -0.8 -
All figures are in (Millions) Saudi Arabia, Riyals
Reasons of increase (decrease) for quarter compared with same quarter last year the loss reduction compared with last quarter despite decrease the sales values due to Jubail factory Start production which reduce the fixed cost plus raw material prices reduction and also decrease sales exps. a result of increase local sales which reduce shipping exps.
Reasons of increase (decrease) for period compared with same period last year the loss reduction compared with same period last year due to decrease Jubail factory fixed cost and decrease raw material prices which increase gross profits despite record SR 22 million as depreciation exps. during the period compared with SR 17million last period and also record a provision for slow movement inventory amounting SR 2.6 million compared with SR 1.5million in the same period last year
Reasons of increase (decrease) for quarter compared with previous quarter The loss increase comparing with previous quarter due to increase in finance charges and Zakat provision
Reclassifications in quarterly financial results Reclassification some compared figures last period to matching with this preiod presentation

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