| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) |
51.6
|
54.2
|
-
|
52.1
|
-
|
| Gross profit (loss) |
88.9
|
89.1
|
-
|
90.4
|
-
|
| Operational profit (loss) |
47.4
|
49.1
|
-
|
47.2
|
0.42
|
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element | Current period | Similar period for previous year | % Change |
|---|---|---|---|
| Net profit (loss) |
103.7
|
102
|
1.67 |
| Gross profit (loss) |
179.4
|
172.4
|
4.06 |
| Operational profit (loss) |
94.7
|
91.6
|
3.38 |
| Earning or loss per share, Riyals |
1.88
|
1.85
|
- |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element | EXPLAINATION |
|---|---|
| Reasons of increase (decrease) for quarter compared with same quarter last year | The decrease in gross profit resulted from the increase in direct costs (mainly Entertainment Division) at a higher rate compared to the growth in revenue. In addition, the decrease in operational profit and net profit is due to the increase in general and administrative expenses. |
| Reasons of increase (decrease) for period compared with same period last year | The increase in gross profit, operational profit and net profit is due to the increase in revenue from both Hotels and Entertainment Divisions. In the Hotels Division, the company witnessed performance improvement in existing hotels and added two new hotels. As for Entertainment Division, the Company opened three new entertainment locations. |
| Reasons of increase (decrease) for quarter compared with previous quarter | The decrease in gross profit resulted from the increase in direct costs at a higher rate compared to the growth in revenue. Additionally, despite the increase in operational profit, net profit decreased due to the decrease in Company share in net results of associates. |
| Other notes | no translation, see Arabic text |
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