| Reasons of increase (decrease) for quarter compared with same quarter last year |
Net profit for the quarter increased due to the increase in total operating income by 7.8% resulting mainly from the increases in net special commission income, dividend income and gains on non-trading investments in addition to decrease in net unrealized losses from FVIS financial instruments; offset by decreases in net exchange income, net banking fees and commission income, net trading income, and other operating income. Furthermore, total operating expenses increased by 12.3% resulting mainly from the increases in impairment charges for credit losses and rent and premises related expenses; offset by the decreases in salaries and employees related expenses, impairment charges for investments and depreciation expenses. |
| Reasons of increase (decrease) for period compared with same period last year |
Net profit for the period increased due to the increase in total operating income by 5.1% resulting mainly from the increases in net special commission income, net trading income in addition to the decrease in net unrealized losses from FVIS financial instruments; offset by decreases in net banking fees and commission income, net exchange income, gains on non-trading investments, and other operating income. Furthermore, total operating expenses increased by 7.1% resulting mainly from the increases in impairment charges for credit losses, and rent and premises related expenses; offset by decreases in salaries and employees related expenses, general and administrative expenses, impairment charges for investments and depreciation expenses. |
| Reason of increase (decrease) for quarter compared with the previous quarter |
The net profit for the quarter increased due to the increase in total operating income by 10.5% resulting mainly from the increase in net special commission income, in addition to the increases in dividends income, gains from non-trading investments and other operating income, offset by decreases in net exchange income, net banking fees and commission income, and net trading income. Furthermore, total operating expenses increased by 10.6% due to the increase in impairment charges for credit losses and other general and administrative expenses; offset by decreases in rent and premises related expenses, salaries and employee related expenses, and depreciation expenses. |
| Reclassifications in quarterly financial results |
Certain comparative figures were reclassified/restated to conform to the current year presentation. |
| Other notes |
The total special commission / financing and investment income for the current quarter reached SAR 1,530.9 million, against SAR 1,426.1 million for the same quarter last year, an increase of 7.3%. - The total comprehensive income for the six-month period ended 30 June 2017 reached SAR 1,658 million, against SAR 1,413.7 million for the same period last year; an increase of 17.3%. The total comprehensive income for the three-month period ended 30 June 2017 reached SAR 971 million, against SAR 806.8 million for the same quarter last year; an increase of 20.3%. - The total shareholders equity (excluding the minority interest) for the current period reached SAR 23,591 million, against SAR 21,989 million for same period last year, an increase of 7.3%. |
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