Month: January 2017

Al Hassan Shaker announces the transition plan for implementing of International Financial Reporting Standards IFRS (Third Stage)

Reference to its announcement on Tadawul dated 27/10/2016 relating to the stages of implementation of International Financial Reporting Standards (IFRS), the company would like to update as the follows:1.The Board has approved on 30/11/2016 the accounting policies according to IFRS.2.The Q1 2016 set of financial statements have been prepared in accordance with International Financial Reporting …

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Al Hassan Ghazi Ibrahim Shaker Co. announces the interim financial results for the period ending on 31-12-2016 (Twelve Months)

ELEMENT CURRENT QUARTER SIMILAR QUARTER FOR PREVIOUS YEAR % CHANGE CURRENT PREVIOUS QUARTER % CHANGE PREVIOUS Net profit (loss) -29,898 -17,842 -67.57 2,362 – Gross profit (loss) 69,496 59,995 15.84 94,408 -26.39 Operational profit (loss) -19,550 -22,241 12.1 9,546 – All figures are in (Thousands) Saudi Arabia, Riyals ELEMENT CURRENT PERIOD SIMILAR PERIOD FOR PREVIOUS …

Al Hassan Ghazi Ibrahim Shaker Co. announces the interim financial results for the period ending on 31-12-2016 (Twelve Months) Read More »

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