4280 · 09/11/2023 08:45:29 · Announcement #76827 · View on Saudi Exchange

Kingdom Holding Co. announces its Interim Financial Results for the Period Ending on 2023-09-30 ( Nine Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 608,183649,304-6.33693,700-12.33
Gross Profit (Loss) 363,638433,710-16.16448,898-18.99
Operational Profit (Loss) 823,134584,24640.89628,39130.99
Net Profit (Loss) after Zakat and Tax 391,176354,80110.25293,92633.09
Total Comprehensive Income -352,637-3,780,905-90.6752,671-
All figures are in (Thousands) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue 1,974,0121,868,8255.63
Gross Profit (Loss) 1,240,2771,222,5341.45
Operational Profit (Loss) 1,972,2157,365,272-73.22
Net Profit (Loss) after Zakat and Tax 856,1726,707,566-87.23
Total Comprehensive Income 1,254,007-1,039,466-
Total Share Holders Equity (after Deducting Minority Equity) 30,943,14628,812,6917.39
Profit (Loss) per Share 0.231.81
All figures are in (Thousands) Saudi Arabia, Riyals
Element ListExplanation
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 reason for the increase in the net profit is due to the increase in other gains-net, increase in share of results from equity-accounted investees, increase in hotels and other operating revenues, increase in finance income as well as decrease in withholding and income tax. Despite the increase in the financial charges, decrease in dividend income, increase in Zakat expense, increase in hotels and other operating costs as well as increase in general, administrative and marketing expenses.
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 reason for the increase in the net profit is due to the increase in other gains-net, increase in share of results from equity-accounted investees, decrease in withholding and income tax, decrease in general, administrative and marketing expenses as well as decrease in hotels and other operating costs. Despite the decrease in the dividend income, increase in financial charges, increase in the Zakat expense, decrease in hotels and other operating revenues as well as decrease in finance income.
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 in the net profit is due to lack of gain on 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 on withholding and income tax expense. Despite the increase in the share of results from equity-accounted investees, increase in other gains-net, increase in hotels and other operating revenues, increase in finance income, decrease in Zakat expense as well as increase in dividend income.
Statement of the type of external auditor's report Unmodified conclusion
Reclassification of Comparison Items N/A

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