The reasons of the increase in the net profit for the current quarter compared to the same quarter last year:
•Increase in quantities sold of company's products.
•Increase in average selling prices of company's products.
Despite the increase in net profit, it has been limited by:
•Increase in the allowance for obsolete and dormant inventory with an amount of SR 182 million (SABIC AN portion is SR 171 million)
•Increase in the Zakat and Income Tax Provision