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National Agriculture Development Co. announces the interim financial results for the period ending on 30-06-2013 (Six Months) - 18/07/2013

ELEMENTCURRENT QUARTERSIMILAR QUARTER FOR PREVIOUS YEAR% CHANGE CURRENTPREVIOUS QUARTER% CHANGE PREVIOUS
Net profit (loss)3027.210.2922.334.53
Gross profit (loss)185.2172.27.55161.914.39
Operational profit (loss)37.737.50.5326.343.35
All figures are in (Millions) Saudi Arabia, Riyals
ELEMENTCURRENT PERIODSIMILAR PERIOD FOR PREVIOUS YEAR% CHANGE
Net profit (loss)52.348.77.39
Gross profit (loss)347.1311.711.36
Operational profit (loss)6459.87.02
Earning or loss per share, Riyals0.870.81
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 in addition to the increase in other revenue (capital gain ) and decrease in Zakat provision, despite the increase in commodities prices and also the increase in operating expenses as result of operations expansion.
Reasons of increase (decrease) for period compared with same period last yearIncreased in sales revenue by 12.2% fueled by the growth of the dairy and foods processing sector by 16% as a result of the successful marketing programs the company adopted lately
Reasons of increase (decrease) for quarter compared with previous quarterincrease in sales revenue by 28% compared to the previous quarter especially for dairy and juice products due to consumption seasonality, additionally the improvement in agricultural business due to higher production