Available on Arabic Only
S A Talke a Sisco affiliate company participated in the GPCA Forum (http://www.gpcaforum.net/) as sponsor to this prestigious and specialized Petrochemical forum
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| Element | Current quarter | Similar quarter for previous year | % Change Current | Previous quarter | % Change Previous |
|---|---|---|---|---|---|
| Net profit (loss) | 24,791 | 25,526 | -2.88 | 25,224 | -1.72 |
| Gross profit (loss) | 71,956 | 86,419 | -16.74 | 83,360 | -13.68 |
| Operational profit (loss) | 43,249 | 51,433 | -15.91 | 50,432 | -14.24 |
| Element | Current quarter | Similar quarter for previous year | % Change Current |
|---|---|---|---|
| Net profit (loss) | 68,482 | 59,615 | 14.87 |
| Gross profit (loss) | 230,268 | 214,609 | 7.3 |
| Operational profit (loss) | 129,614 | 119,476 | 8.49 |
| Earning or loss per share, Riyals | 1.01 | 0.88 | - |
| Element | Explaination |
|---|---|
| Reasons of increase (decrease) for quarter compared with same quarter last year | The decrease in revenue is mainly from Port Operations, where it is lower by about SAR 3 million, whereas costs of sales continue to increase. Company has initiated some controls of G&A and Selling expenses, where as other expenses remain in line with last year. The results of associated companies have significantly improved with a Net change of SAR 5 million. |
| Reasons of increase (decrease) for period compared with same period last year | All segments have shown better results this year than last year. However, due to higher than proportionate increase in costs, the Gross Margin and Operating Margin is slightly lower. This has been off-set by better performance of associated companies that is why Net Margin has also improved from last year. |
| Reasons of increase (decrease) for quarter compared with previous quarter | The decrease in revenue is mainly from the Port Operations business where Net revenue is lower by SAR 10 million. Decrease in revenue of Logistics Park was off-set by increase in revenue in Water Desalination business. There were some savings in G&A and Selling Costs. |
| Reclassifications in quarterly financial results | Certain comparative figures have been reclassified to conform to the presentation in the current period. |
Available in arabic only
| Element | Current quarter | Similar quarter for previous year | % Change Current | Previous quarter | % Change Previous |
|---|---|---|---|---|---|
| Net profit (loss) | 25,224 | 21,721 | 16.13 | 18,467 | 36.59 |
| Gross profit (loss) | 83,360 | 71,874 | 15.98 | 74,952 | 11.22 |
| Operational profit (loss) | 50,432 | 40,994 | 23.02 | 35,934 | 40.35 |
| Element | Current quarter | Similar quarter for previous year | % Change Current |
|---|---|---|---|
| Net profit (loss) | 43,691 | 34,089 | 28.17 |
| Gross profit (loss) | 158,312 | 128,190 | 23.5 |
| Operational profit (loss) | 86,366 | 68,043 | 26.93 |
| Earning or loss per share, Riyals | 0.64 | 0.5 | - |
| Element | Explaination |
|---|---|
| Reasons of increase (decrease) for quarter compared with same quarter last year | Improvement in operating results is mainly due to better performance of Port development business, and Sea water desalination business, also share of results from associated companies has increased as well. |
| Reasons of increase (decrease) for period compared with same period last year | Due to improvement in operating results and performance of Port development business and storage and re-export business, the decrease in other income is because there was insurance compensation received of SAR 5.4 million in 2014. |
| Reasons of increase (decrease) for quarter compared with previous quarter | Improvement in operating results is mainly due to better performance of Port development business, and Sea water desalination business |
| Reclassifications in quarterly financial results | Certain comparative figures have been reclassified to conform to the presentation in the current period. |
Available only arabic
Saudi Industrial Services Co (SISCO) announces signing of a lease agreement to build a Logistics Park under Build, Operate, and Transfer (BOT) basis by its subsidiary Saudi Trade and Export Development Co (TUSDEER), which has share capital of SAR 140 million and SISCO owns 76% of it. The agreement was signed on 09/01/1436 H corresponding to 18/06/2015 G, between TUSDEER and Jeddah Development and Urban Regeneration Co. (JDURC) for lease of approximately 636,780 square meters area in Al-Khumra zone of South Jeddah for a period of 30 years. The development of the Logistics Park will cost approximately SAR 550 million during next 8 years, which will be financed through retained earnings and new loans.
The project consists of an integrated warehousing complex along with supporting services and facilities for them, based on latest design and construction specifications according to international standards. The logistics park will provide a safe and secure storage and distribution center for TUSDEER customers.
Signing of this agreement is a testament to TUSDEER expertise in development of warehousing and distribution hubs, which has already been reflected in the success of Bonded and Re-export zone in Jeddah Islamic Port. This development also fits in to SISCO overall strategy of building on its success of past projects and diversification of its business portfolio.
This does not have any significant impact on financial results of the current year.
Available Only in arabic
Available in Arabic Only
No translation,see Arabic version