| Element | Current year | Previous year | % Change |
|---|---|---|---|
| Net profit (loss) |
621.07
|
496.48
|
25.09
|
| Earning or loss per share, Riyals |
3.3
|
2.64
|
-
|
| Gross profit (loss) |
837.18
|
617.86
|
35.5
|
| Operational profit (loss) |
629.75
|
480.69
|
31.01
|
*All figures are in (Millions) Saudi Arabia, Riyals
| Element | EXPLAINATION |
|---|---|
| Reasons of annual financial results | The Company from its limited liability status converted to a joint stock company on the 17th April 2014. The financial results disclosed for 2015 has twelve months for the current period commencing from 1st January 2015 to 31st December 2015 whereas the comparative information has the period commencing from 17th April 2014 to 31st December 2014. This presentation of the financials is in conformity of the company's current legal status as a joint stock company.During the current year the company has recorded a growth in business volume, however the company also incurred onetime expenses in the form of special bonus under royal decree amounting to SAR 98 million as well as GACA rent for revised contract fee amounting to SAR 31.5million.For a fair comparison, if the one-time expenses were excluded during the year the company would have recorded a growth in profitability for 2015 with net profit increased to SAR 750.57 million. |
| Reclassifications in annual financial results | Some prior comparatives have been regrouped to conform to current period classification. This classification did not affect either the net profit or shareholders' equity of the period of comparison. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.