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National Agriculture Development Co. announces the interim financial results for the period ending on 30-09-2014 (Nine Months) - 21/10/2014

ELEMENTCURRENT QUARTERSIMILAR QUARTER FOR PREVIOUS YEAR% CHANGE CURRENTPREVIOUS QUARTER% CHANGE PREVIOUS
Net profit (loss)34.4334.242822.86
Gross profit (loss)202.1189.46.71209.5-3.53
Operational profit (loss)48.741.517.3534.640.75
All figures are in (Millions) Saudi Arabia, Riyals
ELEMENTCURRENT PERIODSIMILAR PERIOD FOR PREVIOUS YEAR% CHANGE
Net profit (loss)87.285.42.11
Gross profit (loss)593.3536.210.65
Operational profit (loss)117.7105.511.56
Earning or loss per share, Riyals1.251.22
All figures are in (Millions) Saudi Arabia, Riyals
ELEMENTEXPLAINATION
Reasons of increase (decrease) for quarter compared with same quarter last yearIncrease in the sales revenue of the dairy and foods processing sector associated with a decrease in cost of sales, financing charges and Zakat provision despite the decrease in other income and the increase in S&D and G&A costs. On the other hand, the Agricultural sectors performance has decreased compared to the same period
Reasons of increase (decrease) for period compared with same period last yearIncrease in sales revenue of the dairy and foods processing sector associated with a decrease in cost of sales, and a decrease in Zakat provision despite the increase in S&D, G&A and financing charges compared to the same period of last year. On the other hand, the Agricultural sectors performance has decreased compared to the same period
Reasons of increase (decrease) for quarter compared with previous quarterDecrease in cost of sales, S&D , G&A cost and financial charges. On the other hand the zakat provision has increased while other income has decreased compared to the previous quarter
Reclassifications in quarterly financial resultsSome prior period comparatives have been reclassified in the balance sheet without affecting the net income or shareholders equity of the period of comparison
Other notesThe reported earnings per share has been recalculated for the similar quarter of last year reflecting the bonus shares that has been approved by the Extra ordinary general assembly on 19th March 2014.