4310 · 05/08/2019 15:57:37 · Announcement #55836 · View on Saudi Exchange

Knowledge Economic City announces its Interim Financial Results for the Period Ending on 2019-06-30 ( Six Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 30,14415,63992.74882,135-63.299
Gross Profit (Loss) 7,2662,642175.01830,006-75.784
Operational Profit (Loss) -5,903-7,430-20.55119,802-
Net Profit (Loss) after Zakat and Tax 5,483-8,863-19,564-71.974
Total Comprehensive Income 5,483-8,863-19,630-72.068
All figures are in (Thousands) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue 112,27922,897390.365
Gross Profit (Loss) 37,2721,7312,053.206
Operational Profit (Loss) 13,899-20,079-
Net Profit (Loss) after Zakat and Tax 25,047-22,345-
Total Comprehensive Income 25,113-22,345-
Total Share Holders Equity (after Deducting Minority Equity) 3,129,7753,120,8040.287
Profit (Loss) per Share 0.074-0.066
All figures are in (Thousands) Saudi Arabia, Riyals
Accumulated LossesCapitalPercentage %
-263,2253,393,000-0.079
All figures are in (Thousands) Saudi Arabia, Riyals
Element ListExplanation
Increase (Decrease) in Net Profit for Current Quarter Compared to the Same Quarter of the Previous Year is Attributed to The increase in the net profit for the company during the current quarter compared to the corresponding quarter of the previous year is due to higher revenue from sold units and re-measurement of equity investment on acquisition of additional shares.
Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to The decrease in the net profit for the company during the current quarter compared to the previous quarter for the same year is due to lower revenue
Increase (Decrease) in Net Profit for Current Period Compared to the Similar Period of the Previous Year is Attributed to The increase in the net profit for the company during the current period compared to the corresponding period of the previous year is due to increasing of revenue and re-measurement of equity investment on acquisition of additional shares.
Basis of the External Auditor's Opinion Unmodified opinion
Additional Information The Company has adopted International Standards No. (16) The impact of the adoption of these standards and the new accounting policies are disclosed in Note 2 of condensed consolidated interim financial information

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