| Element | Current year | Previous year | % Change |
|---|---|---|---|
| Net profit (loss) |
10,133
|
8,899
|
13.87
|
| Earning or loss per share, Riyals |
5.07
|
4.45
|
-
|
| Gross profit (loss) |
29,491
|
28,688
|
2.8
|
| Operational profit (loss) |
11,085
|
9,951
|
11.4
|
*All figures are in (Millions) Saudi Arabia, Riyals
| Element | EXPLAINATION |
|---|---|
| Reasons of annual financial results | The net profit for the year 2017 increased by SR 1,234m as compared with last year, mainly due to the following: 1) The Cost of Revenues decreased by SR 2,730m whereas, consolidated Revenue decreased by SR 1,927m. Accordingly, the Gross Profit increased by SR 803m. 2) The SR 330m decrease in Operating Expenses. 3) A gain in an amount of SR 6m for Total Other Income and Expenses compared to a loss of (SR 74m). 4) The SR 30m decrease in Zakat and Income Tax provision. |
| Reclassifications in annual financial results | The comparatives have been represented, reclassified and categorized in accordance with the accounting policies applied in the presentation, classification and classification of the consolidated financial statements for the current period which have been prepared in accordance with the International Financial Reporting Standards adopted in Kingdom of Saudi Arabia and Other accredited by the Saudi Organization for Certified Public Accountants. |
| Other notes | Revenue from Services for the year amounted to SR 50,747m compared to SR 52,674m for the last year, a decrease of (3.7%). Earnings before Interest, Taxes, Zakat, Depreciation and Amortization (EBITDA) for the year amounted to SR 19,293m compared to SR 18,029m for the last year, an increase of 7%. Total Shareholder Equity (excluding non-controlling interest) as 31st of December 2017, reached SR 62,241m compared to SR 60,269m as of 1st January 2016 an increase of 3.3%, and compared to SR 59,941m as of 31st December 2016 an increase of 3.8%. Total Comprehensive Income (excluding non-controlling interest) for the year 2017 reached SR 10,083m compared to SR 8,980m for the last year, an increase of 12.3%. |
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