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National Agriculture Development Co. announces the interim financial results for the period ending on 30-09-2013 (Nine Months) - 24/10/2013

ELEMENTCURRENT QUARTERSIMILAR QUARTER FOR PREVIOUS YEAR% CHANGE CURRENTPREVIOUS QUARTER% CHANGE PREVIOUS
Net profit (loss)3332.70.923010
Gross profit (loss)189.1176.17.38185.22.11
Operational profit (loss)41.542.3-1.8937.710.08
All figures are in (Millions) Saudi Arabia, Riyals
ELEMENTCURRENT PERIODSIMILAR PERIOD FOR PREVIOUS YEAR% CHANGE
Net profit (loss)85.481.44.91
Gross profit (loss)536.2487.99.9
Operational profit (loss)105.5102.13.33
Earning or loss per share, Riyals1.421.36
All figures are in (Millions) Saudi Arabia, Riyals
ELEMENTEXPLAINATION
Reasons of increase (decrease) for quarter compared with same quarter last yearMainly due to the Increase in sales revenue and decrease in Zakat provision in addition to the increase in some operating expenses and financing cost
Reasons of increase (decrease) for period compared with same period last yearMainly due to the Increase in sales revenue and decrease in Zakat provision in addition to the increase in some operating expenses and financing cost
Reasons of increase (decrease) for quarter compared with previous quarterDecrease in G&A expenses and Zakat provision
Other notesThe company’s sales reveune grew by 12.6% for the nine months period of the year 2013 compared to the same period of last year , Foods manufacturing sector grew by 16.2% while agricultural sector declined by 5.4%