Alujain Corp. — Interim / Quarterly Report 2015

Apr 20, 2015

Alujain Corporation announces the interim financial results for the period ending on 31-03-2015 (Three Months)

2170 · 20/04/2015 16:37:01 · Announcement #38296 · View on Saudi Exchange

Alujain Corporation announces the interim financial results for the period ending on 31-03-2015 (Three Months)

Element	Current quarter	Similar quarter for previous year	% Change current	Previous quarter	% Change previous
Net profit (loss)	-	14.77	-	65.19	-
Gross profit (loss)	15.04	68.61	-	163.48	-
Operational profit (loss)	-	50.78	-	142.19	-
Earning or loss per share, Riyals	-	0.21	-	-	-
All figures are in (Millions) Saudi Arabia, Riyals

Element	EXPLAINATION
Reasons of increase (decrease) for quarter compared with same quarter last year	The net losses incurred mainly due to lower production/sales during Q1 2015 compared to Q1 2014. Natpet polyprpylene complex was down for 32 days for scheduled Turnaround procedures during Q1, 2015, as already announced on Tadawul on 1/1/2015.
Reasons of increase (decrease) for quarter compared with previous quarter	The net losses incurred mainly due to lower production/sales during Q1 2015 compared to Q4 2014, as explained above
Reclassifications in quarterly financial results	Certain reclassifications were made in comparative numbers to conform to the current period.

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