4007 · 28/10/2018 08:01:48 · Announcement #52398 · View on Saudi Exchange

Al Hammadi Company for Development and Investment announces its interim Financial results for the period ending on 2018-09-30 ( Nine Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 250.3916353.613214.4916.737
Total Profit (Loss) 64.9253.9120.42253.2821.846
Profit (Loss) Operational 35.5434.333.52431.0414.497
Net Profit (Loss) after Zakat and Tax 21.3123.58-9.62619.936.924
Total Comprehensive Income 21.5223.2-7.24120.365.697
All figures are in (Millions) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue 665.56519.9428.007
Total Profit (Loss) 185.04174.086.295
Profit (Loss) Operational 106.54102.833.607
Net Profit (Loss) after Zakat and Tax 72.1277.21-6.592
Total Comprehensive Income 72.6976.49-4.967
Total Share Holders Equity (after deducting minority equity) 1,458.251,446.140.837
Profit (Loss) per Share 0.60.64
All figures are in (Millions) Saudi Arabia, Riyals
Element ListExplanation
Reason for increase (decrease) in net profit for current quarter compared to the same quarter of the previous year The decrease in net profit in this quarter compared to the same quarter last year is due to: 1- The increase in finance costs associated with the increase in loans financing during the year to finance the operations of the company and the subsidiary. 2-The increase in the direct and indirect operating expenses associated with running Nuzha Hospotial branch opened in February of this year despite the increase in revenues generated from opening Nuzha Hospital and the increase in pharmaceutical products sales realized from the subsidiary Medical Support Services Company that has been acquired in the first quarter of the current year
Reason for increase (decrease) in net profit for current quarter compared to the previous quarter The increase in net profit in this quarter compared to the previous quarter in the current year is due to increase in revenues generated from opening Nuzha Hospital and the increase in pharmaceutical products sales realized from the subsidiary Medical Support Services Company that has been acquired in the first quarter of the current year
Reason for increase (decrease) in net profit for current period compared to the similar period of the previous year The decrease in net profit in this period compared to the same period last year is due to: 1- The increase in finance costs associated with the increase in loans financing during the year to finance the operations of the company and the subsidiary. 2-The increase in the direct and indirect operating expenses associated with running Nuzha Hospotial branch opened in February of this year despite the increase in revenues generated from opening Nuzha Hospital and the increase in pharmaceutical products sales realized from the subsidiary Medical Support Services Company that has been acquired in the first quarter of the current year.
Type of the external auditor's opinion Unmodified opinion
Reclassifications in quarter financial result 1- Certain disclosures and figures of the financial statements have been presented, classified and measured in accordance with IFRS 9 and 15. For more information, refer to note 4 (Summary of Significant Accounting Policies) attached to the condensed consolidated interim financial statements for the period ended 30 September 2018.

2- This condensed consolidated interim financial statements incorporate the financial statements of the subsidiary (Medical Support Services Company) acquired during the first quarter of this year with the Company's financial statements. Therefore, the balances of the comparative figures do not include the balances or figures of the subsidiary.

3- Certain figures of the previous year have been reclassified to conform to the presentation for the current year presentation.

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