| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) |
421
|
391
|
7.67
|
390
|
7.95
|
| Total profit (loss) operation income\ Investments |
1,005
|
734
|
36.92
|
945
|
6.35
|
| Net profit (loss) special commission income\ Investments |
814
|
611
|
33.22
|
727
|
11.97
|
| Earning or loss per share, Riyals |
0.28
|
0.26
|
-
|
-
|
-
|
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element | Current period | Similar period for previous year | % Change |
|---|---|---|---|
| Total Assets |
105,256
|
91,611
|
14.89 |
| Investments |
6,332
|
6,405
|
- |
| Loans and advances portfolio |
73,542
|
60,250
|
22.06 |
| Customer deposit |
81,445
|
68,785
|
18.41 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element | EXPLAINATION |
|---|---|
| Reasons of increase (decrease) for quarter compared with same quarter last year | Net income increased due to the increase of total operating income by 37%, mainly due to the increase in income from Financing and investments in addition to gain from equity investments and exchange income, while the dividend income decreased. On the other hand, the total operating expenses increased by 70% mainly due to increase in provisions for impairment of financing & investments, depreciation, general, administrative and salaries related expenses. |
| Reason of increase (decrease) for quarter compared with the previous quarter | Net income increased due to the increase of total operating income by 6%, mainly due to the increase in income from financing and investments while dividends and gain from equity investments decreased. On the other hand, the total operating expenses increased by 5% mainly due to increase in provisions for impairment of financing & investments as well as the depreciation, general, administrative and salaries related expenses. |
| Reclassifications in quarterly financial results | Some items have been re-classified. |
| Other notes | Gross financing and investment income for the three month period ended 31 March 2017 was SAR 1,008 million as compared to SAR 732 million in corresponding period of last year, an increase of 38%.Total shareholders equity there are no minority rights as at 31 March 2017 was SAR 19.8 billion compared to SAR 17.9 billion for same period of last year, an increase of 11%.For calculation of earning per share, 10 million treasury shares have been excluded. |
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