11259

Element

Current quarter

Similar quarter for previous year

% Change current

Previous quarter

% Change previous

Net profit (loss)

221.4

175

26.51

214.9

3.02

Gross profit (loss)

247.4

214.8

15.18

245.3

0.86

Operational profit (loss)

212.9

166.7

27.71

212.5

0.19

Earning or loss per share, Riyals

2.46

1.94

-

-

-

All figures are in (Millions) Saudi Arabia, Riyals

Element

EXPLAINATION

Reasons of increase (decrease) for quarter compared with same quarter last year

due to increase in
- retail sales of smart phones sales which is partly due to incresased market share.
- wholesale segment mainly due to the school second term season as compared to the same quarter last year which missed part of season as it fell in the fourth quarter of the preceding year due to change in school calendar.
and decrease in.
- Selling & Distribution expenses.

Reasons of increase (decrease) for quarter compared with previous quarter

due to increase in - Gross profit margin due to change in sales mix. - Other Income. due to decrease in. - non operating expenses.

Other notes

-The turnover for the quarter ended 31st March, 2017 amounted to SR 1,705.0 m an increase of 20.3% compared to the same quarter last year SR 1,417.4 m. -Total comprehensive income for the quarter ended 31st March, 2017 amounted to SR221.4 m an increase of 26.6% compared to the same quarter last year SR 175 m, and increase of 52.5% compared to the previous quarter SR 145.2 m. -The total shareholder's equity (no minority interest) as of 31st March, 2017 amounted to SR 1,528.0 m an increase of 3.4% as compared to the total shareholder's equity (no minority interest) of SR 1,477.6 m as of 31st March, 2016.
Adjustments arising from applying IFRS resulted in a decrease of SR 25.8 m in retained earnings as of 31st December, 2016. For more information on the accounting policies consistent with IFRS and impact arising from applying IFRS please see notes 2 and 3 of the notes to Interim condensed consolidated financial statements for the period ended March 31, 2017. -Items of the presented prior periods have been derecognized, recognized, remeasured and reclassified to comply with the current accounting policies consistent with IFRS. -The interim condensed consolidated financial statements for the quarter ended 31st March, 2017 are the first interim financial statements for part of year covered by the first IFRS annual financial statements. -Two new showrooms were opened during this quarter.