Alujain Corp. — Interim / Quarterly Report 2016

Oct 20, 2016

Alujain Corp. announces the interim financial results for the period ending on 30-09-2016 (Nine Months)

2170 · 20/10/2016 15:36:54 · Announcement #44291 · View on Saudi Exchange

Alujain Corp. announces the interim financial results for the period ending on 30-09-2016 (Nine Months)

Element	Current quarter	Similar quarter for previous year	% Change current	Previous quarter	% Change previous
Net profit (loss)	36.16	45.56	-	37.76	-
Gross profit (loss)	103.88	129.69	-	109.34	-
Operational profit (loss)	85.64	109.62	-	89.76	-
All figures are in (Millions) Saudi Arabia, Riyals

Element	Current period	Similar period for previous year	% Change
Net profit (loss)	76.09	78.91	-
Gross profit (loss)	260.68	281.47	-
Operational profit (loss)	204.68	223.54	-
Earning or loss per share, Riyals	1.1	1.14	-
All figures are in (Millions) Saudi Arabia, Riyals

Element	EXPLAINATION
Reasons of increase (decrease) for quarter compared with same quarter last year	The decrease in net profit for Quarter #3, 2016 compared with the same quarter of 2015 is mainly due to decrease in polypropylene selling prices. Although all other expenses are lower during current quarter.
Reasons of increase (decrease) for period compared with same period last year	The decrease in net profits during this period compared to previous period is mainly due to decrease in polypropylene selling prices although the sales quantities were higher during current period as compared to same period of last year. Sales was lower in 2015 due to the turnaround activities in first quarter of 2015.
Reasons of increase (decrease) for quarter compared with previous quarter	The net profits during Quarter #3, 2016 has decreased mainly due to decrease in polypropylene selling prices.
Reclassifications in quarterly financial results	Certain reclassifications were made in comparative numbers to conform to the current period.
Other notes	1. The sales revenue for quarter ended September 30, 2016 amounted to SR341.95 million as compared to SR 412.62 million during same quarter of last year, a decrease of 17.13%. 2. The sales revenue for the period ended September 30, 2016 is SR 1,001.83 million as compared to SR 1,059.70 million during same period of last year, showed a decrease of 5.46% 3. The Net Shareholders' Equity (excluding minority interest) as at September 30, 2016 is SR 1,121.36 million as compared to SR 999.01 million as at September 30, 2015, showing an increase of 12.25%.

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