Alujain Corp. — Interim / Quarterly Report 2016

Jan 19, 2017

Alujain Corp. announces the interim financial results for the period ending on 31-12-2016 (Twelve Months)

2170 · 19/01/2017 15:53:54 · Announcement #45228 · View on Saudi Exchange

Alujain Corp. announces the interim financial results for the period ending on 31-12-2016 (Twelve Months)

Element	Current quarter	Similar quarter for previous year	% Change current	Previous quarter	% Change previous
Net profit (loss)	35.75	27.47	30.14	36.16	-
Gross profit (loss)	106.39	92.03	15.6	103.88	2.42
Operational profit (loss)	83.43	72.28	15.43	85.64	-
All figures are in (Millions) Saudi Arabia, Riyals

Element	Current period	Similar period for previous year	% Change
Net profit (loss)	111.85	106.39	5.13
Gross profit (loss)	367.07	373.5	-
Operational profit (loss)	288.11	295.81	-
Earning or loss per share, Riyals	1.62	1.54	-
All figures are in (Millions) Saudi Arabia, Riyals

Element	EXPLAINATION
Reasons of increase (decrease) for quarter compared with same quarter last year	The increase in net profit for Quarter #4, 2016 compared with the same quarter of 2015 is mainly due to higher sales quantities and sale price, supported by lower finance charges and lower share of losses from subsidiarys joint ventures. The General & Administrative and Sales & Marketing expenses are slightly higher than the comparative quarter.
Reasons of increase (decrease) for period compared with same period last year	The increase in net profits is mainly due to lower financial charges and lower share of losses from subsidiarys joint venture, although the gross profit is marginally lower during current period.
Reasons of increase (decrease) for quarter compared with previous quarter	The net profits during Quarter #4, 2016 has decreased marginally due to increase in General & Administrative and Selling & Marketing expenses, although the gross margin was higher due to higher sales quantities and sales price of Polypropylene
Other notes	1. The sales revenue for quarter ended December 31, 2016 amounted to SR441.61 million as compared to SR 400.80 million during same quarter of last year, with increase of 10.18%. 2. 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, showed a decrease of 1.16% 3. The Net Shareholders' Equity (excluding minority interest) as at December 31, 2016 is SR 1,154.83 million as compared to SR 1037.48 million as at December 31, 2015, showing an increase of 11.31%.

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