Alujain Corp. — Earnings Release 2017

Mar 7, 2017

Alujain Corp. announces the annual financial results for the period ending on 31-12-2016

2170 · 07/03/2017 15:55:59 · Announcement #45852 · View on Saudi Exchange

Alujain Corp. announces the annual financial results for the period ending on 31-12-2016

Element	Current year	Previous year	% Change
Net profit (loss)	112.73	106.39	5.96
Earning or loss per share, Riyals	1.63	1.54	-
Gross profit (loss)	367.07	373.5	-1.72
Operational profit (loss)	288.11	295.81	-2.6

*All figures are in (Millions) Saudi Arabia, Riyals

Element	EXPLAINATION
Reasons of annual financial results	The increase in net profits is mainly due to lower financial charges and lower share of losses from subsidiarys joint venture, although the gross and operational profits are marginally lower during current period.
Reclassifications in annual financial results	Certain reclassifications were made in comparative numbers to conform to the current period.
Other notes	1. The sales revenue for the period ended December 31, 2016 is SR 1,443.44 million as compared to SR 1,460.50 million during same period of last year, showing a decrease of 1.16% 2. The Net Shareholders' Equity (excluding minority interest) as at December 31, 2016 is SR 1,155.71 million as compared to SR 1,037.48 million as at December 31, 2015, showing an increase of 11.40%.

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