Saudi Public Transport Co. announces the interim financial results for the period ending on 31-03-2016 (Three Months)
| Element | Current quarter | Similar quarter for previous year | % Change Current | Previous quarter | % Change Previous | |
|---|---|---|---|---|---|---|
| Net profit (loss) | 24,424 | 137,907 | -82.29 | -35,506 | - | |
| Gross profit (loss) | 34,412 | 37,086 | -7.21 | 36,827 | -6.56 | |
| Operational profit (loss) | 6,893 | 10,284 | -32.97 | -9,799 | - | |
| Earning or loss per share, Riyals | 0.2 | 1.1 | - | - | - |
| All figures are in (Thousands) Saudi Arabia, Riyals |
|---|
| Element | Explaination |
|---|---|
| Reasons of increase (decrease) for quarter compared with same quarter last year | 1. Increase in activity costs. 2. Increase in marketing expenses. 3. The decline in revenue share of the joint venture. 4. Lack of capital gains from the sale of land. 5. Increase in financing cost. |
| Reasons of increase (decrease) for quarter compared with previous quarter | 1. Decrease in activity costs. 2. Decrease in general and administrative expenses. 3. Increase in other revenue. 4. Decrease in finance cost. 5. Decrease in Zakat expenses. |
| Reclassifications in quarterly financial results | Comparative figures have been reclassified to conform with the presentation in the current year. |
| Other notes | Some expenses related to staff during the six-month period ended June 30, 2015 have been re-evaluated, where it reduced profits for the first quarter 2015 SAR 9.4 Million to become SAR 137.9 Million, and has been mentioned in the legend (17) within the clarification of the financial statements for the period ended 31/03/2016. |
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