Kingdom Holding Co. announces its Interim Financial Results for the Period Ending on 2023-06-30 ( Six Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	693,700	769,476	-9.85	672,129	3.21
Gross Profit (Loss)	448,898	538,578	-16.65	427,741	4.95
Operational Profit (Loss)	628,391	634,468	-0.96	520,690	20.68
Net Profit (Loss) after Zakat and Tax	293,926	427,146	-31.19	171,070	71.82
Total Comprehensive Income	52,671	-497,380	-	1,553,972	-96.61
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	1,365,829	1,219,521	12
Gross Profit (Loss)	876,639	788,824	11.13
Operational Profit (Loss)	1,149,081	6,781,026	-83.05
Net Profit (Loss) after Zakat and Tax	464,996	6,352,765	-92.68
Total Comprehensive Income	1,606,643	2,741,439	-41.39
Total Share Holders Equity (after Deducting Minority Equity)	31,295,782	32,593,596	-3.98
Profit (Loss) per Share	0.13	1.71
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	The decrease is due to the increase in financial charges, decrease in dividend income, increase in hotels and other operating costs, increase in general, administrative and marketing expenses, and an increase in Zakat expense. Despite the increase in the share of results from equity-accounted investees, increase in hotels and other operating revenues, increase in finance income, decrease in withholding and income tax expense, as well as an increase in other gains, net.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is	The increase is due to the increase in the share of results from equity-accounted investees, an increase in finance income, an increase in hotels and other operating revenues, a decrease in general, administrative and marketing expenses, and a decrease in Zakat expense. Despite the decrease in the dividend income, increase in withholding and income tax expense, increase in the financial charges, decrease in other gains, net as well as increase in hotels and other operating costs.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	The reason for the decrease is due to the gain on the partial sale of equity accounted investee that was recorded in the same period of last year, increase in financial charges, increase in hotels and other operating costs, decrease in gain on investments at FVTPL, increase in general, administrative and marketing expenses as well as increase in withholding and income tax expense. Despite the increase in share of results from equity-accounted investees, increase in hotels and other operating revenues, decrease in Zakat expense, increase in dividend income, increase in finance income as well as an increase in other gains, net.
Statement of the type of external auditor's report	Unmodified conclusion
Reclassification of Comparison Items	N/A

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