Kingdom Holding Company announces the annual financial results for the period ending on 31-12-2016

07 March 2017 03:27 PM

KINGDOM 4280 0.85% 7.16 0.06

Element	Current year	Previous year	% Change
Net profit (loss)	509,877	707,142	-27.9
Earning or loss per share, Riyals	0.14	0.19	-
Gross profit (loss)	1,345,964	1,699,141	-20.79
Operational profit (loss)	989,592	1,150,077	-13.95
All figures are in (Thousands) Saudi Arabia, Riyals

Element	EXPLAINATION
Reasons of annual financial results	Decrease in dividends income, income from associate and JV aslo decrease in income from and gains on investments as well as decrease in revenue and operating income from hotels in addition to increcase in depreciations and finance charges despite of decrease in general and administrative expenses also providing for impairment provisions in same period last year .
Reclassifications in annual financial results	Comparative figures of the same period last year were reclassified to be consistent with current figures
Other notes	The total revenue for the current period is amounting to 2,870 million compare to 3,492 million for the same period last year represent a decrease of 17%. The shareholders equity for current period after deducted the minority interest is amounting to 28,331 million compare to 28,592 million for the same period last year represent a decrease of 0.91%.

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