Al Tayyar Travel Group announces the interim financial results for the period ending on 31/12/2012 as follows:-
1. The net profit in the fourth quarter of 2012 amounted to SR 157.2 million compared to SR 113million in the same period of the previous year with an increase of 39% compared to 201.3 million in the third quarter with decrease of 22%
2. The gross profit in the fourth quarter of 2012 amounted to SR 246.6 million compared to SR 217.3 million in the same period of the previous year with increase of 13%.
3. The operating profit in the fourth quarter amounted to SR 166.5 million compared to SR 124 million in the same period of the previous year with increase of 34%.
4. The net profit during the 12 months of 2012 amounted to SR 755.3 million compared to SR 612 million during the same period of the previous year with increase of 23%.
5.The basic earnings per share in the 12 months amounted to SR 9.44 compared to SR 7.65 in the same period in the previous year.
6. The gross profit during the 12 months amounted to SR (1148) million compared to SR (1029) million in the same period of the previous year with increase of 12%.
7. The operating profit during the 12 months amounted to SR 814 million compared to SR 654 million during the same period of the last year with increase of 24% .
8. The increase during the current quarter compared to the same quarter in the pervious fiscal year is attributed to growth of sales and increase in the other operating incomes through agreements which the Group made with suppliers of services to get more incentives and additional privileges making use of the volume .Also the quarter expenditure on sales and marketing expenses decreased by 36% due to better utilization of sales related technologies.
9.The increase during the current period compared to the same period of the pervious fiscal year is attributed to growth of sales and increase in other operating income as well as 15% decrease in sales and marketing expenses due to utilization of sales technologies.
10. The decrease in net profits during the fourth quarter as compared to the third quarter of the current fiscal year is attributed to the seasonality of the business activity.
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