| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) |
20.52
|
49.45
|
-
|
14.75
|
39.12
|
| Gross profit (loss) |
24.79
|
20.45
|
21.22
|
19.85
|
24.89
|
| Operational profit (loss) |
28.85
|
28.44
|
1.44
|
22.43
|
28.62
|
| Earning or loss per share, Riyals |
0.39
|
0.71
|
-
|
-
|
-
|
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element | EXPLAINATION |
|---|---|
| Reasons of increase (decrease) for quarter compared with same quarter last year | Net profit decreased mainly as result of achieving in the same quarter of previous year a gain on land excluded from investment properties and used as in-kind share to a new associate company. Net profit decreased despite that gross and operating profit increased after the increase in rent and hospitality revenues. |
| Reasons of increase (decrease) for quarter compared with previous quarter | Net profit increased mainly as result of the increase in gross and operating profit because of the increase in rent and hospitality revenues, the increase in income from investment in associate companies and the decrease in Selling, general and admin expenses Net profit increased despite the increase in financing cost. |
| Reclassifications in quarterly financial results | Some of the figures related to comparable periods have been reclassified and represented to conform with the classification of current period figures. |
| Other notes | During current quarter, Total revenues reached 40.79 million Riyal to achieve 24.74% increase compared to 32.70 million Riyal in the same quarter from previous year. During current quarter, Total comprehensive income (Excluding non controlling interest) reached 20.52 million Riyal causing 58.50% decrease compared to 49.45 million Riyal in the same quarter from previous year, and to achieve 39.12% increase compared to 14.75 million Riyal in the previous quarter. As of the end of current quarter, Total shareholders equity (Excluding non controlling interest) reached 1248.86 million Riyal to achieve 32.94% increase compared to 939.41 million Riyal as of the end of the same quarter from previous year. And to achieve 1.67% increase compared to 1228.34 million Riyal as of the period ended 31 December 2017. Starting from 1 January 2018, The company has adopted IFRS 9 and IFRS 15 with no material impact on company financial statements. |
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