| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) |
155.12
|
192.14
|
-
|
104.41
|
48.57
|
| Gross profit (loss) |
222.67
|
256.99
|
-
|
163.66
|
36.06
|
| Operational profit (loss) |
149.17
|
195.75
|
-
|
96.2
|
55.06
|
| Earning or loss per share, Riyals |
0.83
|
1.02
|
-
|
-
|
-
|
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element | EXPLAINATION |
|---|---|
| Reasons of increase (decrease) for quarter compared with same quarter last year | The reason for the decline in net profit by SAR 37.03 Million compared to last quarter from the last year is the drop in revenue by SAR 41.98 Million due to price reduction and changes in aircraft type mix. The impact of the revenue decline was partially offset by additional income from investment. |
| Reasons of increase (decrease) for quarter compared with previous quarter | The reason for the increase in net profit compared to previous quarter by SAR 50.7 Million is the increase in revenue by SAR 36.6 million due to increase in number of flights because of Umrah season as Umrah flights stopped for almost a month just after Haj in the previous quarter . Further, the total cost was reduced by SAR 14.1 million |
| Reclassifications in quarterly financial results | Items, elements and notes of the comparatives Condensed Interim Financial Statements have been redisplayed, regrouped and reclassified to meet with the applied accounting policies for the current period which have been prepared according to the International Financial Reporting Standards (IFRS) that are endorsed in the Kingdom of Saudi Arabia. For more information, please see the note 14 (Explanation of Transition to IFRS standards adoption) in the Interim Condensed Financial Statements for the period ended in 31 March 2017. |
| Other notes | Total revenue for the current quarter amounted to SAR 643 million compared to SAR 685 million for the same quarter of the previous year which is a decrease of 6.12%. Total comprehensive income for the current quarter amounted SAR 155.12 million, a decrease of 19.3% compared to the same quarter last year which was SAR 192.14 million, and an increase of 48.6% compared to the previous quarter which was SAR 104.41 million. The Company has no minority interest with total shareholders' equity reaching to SAR 2,887 million for the current period compared to SAR 2,727 million for the same period last year a growth of 5.87% |
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