nadec menu

Investors

National Agriculture Development Co. announces the interim financial results for the period ending on 30-06-2014 (Six Months) - 15/07/2014

ELEMENTCURRENT QUARTERSIMILAR QUARTER FOR PREVIOUS YEAR% CHANGE CURRENTPREVIOUS QUARTER% CHANGE PREVIOUS
Net profit (loss)2830-6.6724.812.9
Gross profit (loss)209.5185.213.12181.615.36
Operational profit (loss)34.637.7-8.2234.40.58
All figures are in (Millions) Saudi Arabia, Riyals
ELEMENTCURRENT PERIODSIMILAR PERIOD FOR PREVIOUS YEAR% CHANGE
Net profit (loss)52.852.30.96
Gross profit (loss)391.2347.112.71
Operational profit (loss)69647.81
Earning or loss per share, Riyals0.750.75
All figures are in (Millions) Saudi Arabia, Riyals
ELEMENTEXPLAINATION
Reasons of increase (decrease) for quarter compared with same quarter last yearDecrease in the performance of the agricultural sector compared to the same quarter due to the drop in production of some crops on the other hand the Dairy and foods processing sector continued its strength momentum and grew by 18% compared to the same quarter of last year additionally operating expenses increased mainly the sales and distribution following the company s expansion plans in addition to the decrease in the Zakat provision
Reasons of increase (decrease) for period compared with same period last yearIncrease in sales revenue of the Dairy and Foods processing sector and despite the increase in operating expenses and drop in the Agri sector performance, in addition to the decrease in the Zakat provision and decrease In non operating gains for the same period
Reasons of increase (decrease) for quarter compared with previous quarterIncrease in sales revenue compared to the previous quarter due to companys products consumption seasonality
Reclassifications in quarterly financial resultssome reclassification have been done in last year balance sheet to be comparable with this year figures.
Other notesThe reported earning per share has been recalculated for the similar quarter of last year reflecting the bonus shares that has been approved by Extra ordinary general assembly on 19th March 2014.