| Increase (Decrease) in Net Profit for Current Quarter Compared to the Same Quarter of the Previous Year is Attributed to | The net profit for the current quarter compared to previous year same quarter has increased by SAR 27.5 million.This increase in net profit is despite a reduction in the revenue by SAR 17.3 million due to price reduction. However, the operating cost decreased by SAR 42.3 million due to the one time cost of living allowance in previous year amounting to by SAR 18 million and decrease in other operating cost amounting to SAR 24.3 million. The G&A has decreased by SAR 13.2 million despite and increase in the impairment loss by SAR 10 million. Moreover, the other income has increased by SAR 6 million due to the refund from government on staff working card. Further finance cost has increased by SAR 2.5 million due to the impact of IFRS 16 (lease ) effective interest cost on the lease liability & zakat expense increased by SAR 4.7 million. |
| Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to | The net profit compared to previous quarter has decreased marginally by SAR 3.7 million, this is despite the increase in revenue by SAR 35.3 million from increased business volume due to the Hajj season in current quarter. The operating cost has also increased by SAR 38.2 million due to the corresponding seasonal expenses. The impairment loss has increased by SAR 12 million whilst G&A has reduced by SAR 3.5 million. Other operating income has increased by SAR 8 million due to the refund from government on staff working card. |
| Increase (Decrease) in Net Profit for Current Period Compared to the Similar Period of the Previous Year is Attributed to | The net profit for the current period compared to previous year period has increased by SAR 36.1 million. This increase in net profit is despite a reduction in the revenue by SAR 42 million due to price reduction. However, the operating cost has reduced by SAR 64.1 due to the non prevailent of cost of living allowance in the current period amounting to SAR 53.8 million & decrease in other operating cost amounting to SAR 10.3 million. The G&A has reduced by SAR 21.1 million whilst the Impairment loss has increased by SAR 3 million. Further other operating income has increased by SAR 4.2 million due to the refund from government on staff working card whilst the finance cost has increased by SAR 6 million due to the impact of IFRS 16 (lease ) effective interest cost on the lease liability. Moreover finance income & zakat expense increased by SAR 2.4 million & SAR 3.4 million respectively whereas the profit share from equity accounted investment reduced by SAR 1.3 million during the current period. |
| Basis of the External Auditor's Opinion | Unmodified opinion |
| Reclassification of Comparison Items | Certain comparative amounts have been reclassified to conform to the current period’s presentation. |
| Additional Information | Total revenue for the current quarter amounted to SAR 683.3 million compared to SAR 700.7 million for the same quarter of the previous year which is a decrease of 2.47%. The net profit & the comprehensive income for the current quarter amounts to SAR 120.2 million compared to SAR 92.7 million for the same quarter last year which is an increase of 29.7%. The net profit & comprehensive income for the current quarter is SAR 120.2 million compared to SAR 123.9 million for the previous quarter which is a decrease of 2.95%. The net profit & comprehensive income for the current period amounts to SAR 348.2 million compared to SAR 312.1 million for the same period last year which is an increase of 11.6%. The Company has no minority interest with total shareholders' equity reaching to SAR 2,872.8 million for the current period compared to SAR 2,876.4 million for the same period last year which is a decrease of 0.2%. |