| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) |
488
|
409
|
19.32
|
421
|
15.91
|
| Total profit (loss) operation income\ Investments |
1,007
|
820
|
22.8
|
1,005
|
0.2
|
| Net profit (loss) special commission income\ Investments |
834
|
627
|
33.01
|
814
|
2.46
|
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element | Current period | Similar period for previous year | % Change |
|---|---|---|---|
| Net profit (loss) |
910
|
800
|
13.75 |
| Total profit (loss) operation income\ Investments |
2,012
|
1,554
|
29.47 |
| Net profit (loss) special commission income\ Investments |
1,649
|
1,238
|
33.2 |
| Earning or loss per share, Riyals |
0.61
|
0.54
|
- |
| Total Assets |
111,376
|
98,186
|
13.43 |
| Investments |
7,265
|
5,708
|
27.28 |
| Loans and advances portfolio |
76,961
|
66,488
|
15.75 |
| Customer deposit |
85,783
|
74,166
|
15.66 |
| 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 in total operating income by 23%, mainly due to the increase in income from Financing and investments in addition to exchange income while fee from banking services and gain on investments decreased. On the other hand, the total operating expenses increased by 27% mainly due to increase in provisions for impairment of Financing & Investments. |
| Reasons of increase (decrease) for period compared with same period last year | Net income increased due to the increase in total operating income by 29%, mainly due to the increase of income from Financing and investments in addition to gain on investments and exchange income. On the other hand, the total operating expenses increased by 47% due to increase in provisions for impairment of Financing & Investments, depreciation, General and Administrative, Salaries and Rent related expenses. |
| Reason of increase (decrease) for quarter compared with the previous quarter | Net income increased due to the decrease in total operating expenses by 11%, mainly due to the decrease in provision for impairment of financing and investments, depreciation and salaries. On the other hand, the total operating income remained around same level as the increase in income from financing and investments and exchange income was off-set by decrease in fee from banking services and gain on investments. |
| Reclassifications in quarterly financial results | The previous period numbers have been re classified to conform current year presentation. |
| Other notes | Gross financing and investment income for the six months period ended 30 June 2017 was SAR 2,029 million as compared to SAR 1,545 million in last year, an increase of 31%. The Gross financing and investment income for the three months period ended 30 June 2017 was SAR 1,021 million as compared to SAR 813 million in corresponding period of last year, an increase of 26%. Total comprehensive income for the six months period ended 30 June 2017 was SAR 1,116 million as compared to SAR 791 million in last year, an increase of 41%. Total comprehensive income for the three months period ended 30 June 2017 was SAR 482 million as compared to SAR 413 million in corresponding period of last year, an increase of 17%. Total shareholders equity there are no minority rights as at 30 June 2017 was SAR 19.5 billion compared to SAR 18.4 billion for same period of last year, an increase of 6%. For calculation of earnings per share, 10 million treasury shares have been excluded. |
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