Arabian Pipes Co. — Earnings Release 2016

Apr 21, 2016

Arabian Pipes Company announces the interim financial results for the period ending on 31-03-2016 (Three Months)

2200 · 21/04/2016 08:53:21 · Announcement #42322 · View on Saudi Exchange

Arabian Pipes Company announces the interim financial results for the period ending on 31-03-2016 (Three Months)

Element	Current quarter	Similar quarter for previous year	% Change current	Previous quarter	% Change previous
Net profit (loss)	-	-	-	-	49.82
Gross profit (loss)	4.73	16.03	-	4.61	2.6
Operational profit (loss)	-	0.41	-	-	66.95
Earning or loss per share, Riyals	-	-	-	-	-
All figures are in (Millions) Saudi Arabia, Riyals

Element	EXPLAINATION
Reasons of increase (decrease) for quarter compared with same quarter last year	the loss increase compared with last quarter due to 61% sales decline resulted from delivery schedule commitments to customers
Reasons of increase (decrease) for quarter compared with previous quarter	The loss decrease compared to previous quarter due to improve in gross profits margin resulted of Jubail plant start production since mid February and no inventory provision created for the period as well as decrease transportation cost as a result of decrease export sales
Reclassifications in quarterly financial results	Reclassification some compared figures last period to matching with this preiod presentation

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