Saudi Public Transport Co. announces the interim consolidated financial results for the period ending on 30-09-2016 (Nine Months)
| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) | 82,427 | 81,404 | 1.26 | 14,219 | 479.7 |
| Gross profit (loss) | 117,781 | 123,152 | -4.36 | 46,653 | 152.46 |
| Operational profit (loss) | 86,869 | 80,990 | 7.26 | 10,658 | 715.06 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element | Current period | Similar period for previous year | % Change |
|---|---|---|---|
| Net profit (loss) | 121,070 | 232,154 | -47.85 |
| Gross profit (loss) | 198,846 | 190,245 | 4.52 |
| Operational profit (loss) | 104,420 | 93,851 | 11.26 |
| Earning or loss per share, Riyals | 0.97 | 1.86 | - |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Element | EXPLAINATION |
|---|---|
| Reasons of increase (decrease) for quarter compared with same quarter last year | The increase in net profit due to: 1. Decrease in general and administrative expenses. 2. Decrease in marketing expenses. |
| Reasons of increase (decrease) for period compared with same period last year | The decrease in net profit due to: 1. Increase in operating expense. 2. Increase in marketing expenses 3. The comparative period include capital Gains from removal of company land. 4. Decrease in revenue from joint venture. 5. Increase in cost of finance. 6. Increase Zakat. |
| Reasons of increase (decrease) for quarter compared with previous quarter | The increase in net profit due to: 1. Increase in operating revenue. 2. Decrease in marketing expenses. 3. Increase in other revenue. 4. Decrease in Zakat. |
| Reclassifications in quarterly financial results | Comparative figures have been reclassified to conform with the presentation in the current year. |
| Other notes | The revenue during the current quarter amounted to SAR 362.5 Million compared to SAR 364.9million for the same quarter of last year, showing a decrease of 0.6 %. The revenue during the current period amounted to SAR 918.5 million compared to SAR 1,000.3 million with a decrease of 8.2%. The shareholders equity (no minority interest) as of end of current period is SAR 1,562.7 million showing an increase by 0.6% compared to SAR 1,552.7 as of end of similar period last year (no minority interest). |
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