| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) |
14.8
|
16.5
|
-
|
8
|
85
|
| Gross profit (loss) |
77.6
|
82.2
|
-
|
64.5
|
20.31
|
| Operational profit (loss) |
10.7
|
12.2
|
-
|
5.9
|
81.36
|
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element | Current period | Similar period for previous year | % Change |
|---|---|---|---|
| Net profit (loss) |
22.8
|
65.7
|
- |
| Gross profit (loss) |
142
|
188.5
|
- |
| Operational profit (loss) |
16.6
|
57.7
|
- |
| Earning or loss per share, Riyals |
0.42
|
1.19
|
- |
| 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, operational profit and net profit of the period as compared to the same period of the last year is due to the following: 1- The decline in demand from individuals and corporate sector on hotels as a result of the decline in spending from government and private sector on conferences, meetings and exhibitions. 2-The decline in profit from associates. The decrease in the company has been met by an increase in the entertainment division gross profit, operational profit and net profit due to operation seasonality, in addition to the opening of two new commercial and entertainment locations. |
| Reasons of increase (decrease) for period compared with same period last year | The decrease in gross profit, operational profit and net profit of the period as compared to the same period of the last year is due to the following: 1- The decline in demand from individuals and corporate sector on hotels as a result of the decline in spending from government and private sector on conferences, meetings and exhibitions. 2-The decline in profit from associates. The decrease in the company has been met by an increase in the entertainment division gross profit, operational profit and net profit due to operation seasonality, in addition to the opening of two new commercial and entertainment locations. |
| Reasons of increase (decrease) for quarter compared with previous quarter | The increase in the gross profit, operational profit and net profit in this quarter as compared with the previous quarter is due to the following: 1- Operation seasonality in entertainment division as this year the mid-semester school holiday occurred in April 2017 and Eid Al Fitr holidays occurred in June end, in addition to the opening of two new commercial and entertainment locations. 2- The positive financial impact for joining of Marriott Makkah Hotel (Jabal Omar) in Ramadan month which is one of the highest seasonality month in Makkah. |
| Reclassifications in quarterly financial results | Certain figures of the previous year have been restated and reclassified to conform to the presentation for the current period presentation as per IFRS. For more information, refer to note (2.4) First-time adoption of IFRS of Condensed Interim Consolidated Financial Statements for the period ended 30-06-2017. |
| Other notes | Total revenues during current period amounted SR 547.7 million compared with SR 577.7 million for same period of last year with decrease of 5.2%. Total revenues during current quarter amounted SR 289.4 million compared with SR 279.9 million for same quarter of last year with increase of 3.4%. Total revenues during current quarter amounted SR 289.4 million compared with SR 258.3 million for previous quarter of this year with increase of 12%. Total comprehensive income for the current period is SR 22.8 million compared to SR 65.7 million for the same period last year with decrease of 65.3%. Total comprehensive income for the current quarter is SR 14.8 million compared to SR 16.5 million for the same quarter last year with decrease of 10.3%. Total comprehensive income for the current quarter is SR 14.8 million compared to SR 8 million for the previous quarter of this year with increase of 85%. Total Shareholders Equity (Minority interests are not available) amounted SR 708.4 million by end of this period compared with SR 684.7 million for the same period of last year with increase of 3.5%. |
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