| Reasons of increase (decrease) for quarter compared with same quarter last year |
net profit decrease is Due to the decrease in the operating revenues of the hotels & resorts, and the decrease in returns of short & long term investments along with timing differences in dividend declarations. |
| Reasons of increase (decrease) for period compared with same period last year |
net profit decrease is Due to the decrease in operating revenues of the hotels & resorts, and the decrease in returns from long term investments along with timing differences in dividend declarations. |
| Reasons of increase (decrease) for quarter compared with previous quarter |
net profit decrease is Due to the decrease in returns from investments. In addition, last quarter of this year included in other income a reversal of collected provision of doutful receivables; despite the increase in operating profit resulting from the improvement in revenues of the hotels and residential & commercial centres |
| Reclassifications in quarterly financial results |
The Company has adopted the international accounting standards as approved by SOCPA effective 1/1/2017. Accordingly, the presentation of the financials statements has changed and certain comparative figures has been reclassified for comparability. |
| Other notes |
Sales revenue for the current quarter was SR. 118.26 million compared to SR. 156.21 million for the comparative quarter last year with a decrease of 24.29%, and compared to SR 106.19 million in the last quarter this year with an increase of 11.36%.Sales revenue for the current period was SR. 224.45 million compared to SR. 274.33 million for the comparative period last year with a decrease of 18.18%. Total comprehensive income for the quarter was SR. 3.18 million compared to SR. 61.98 million for the same quarter last year with an decrease of 94.87% and compared to SR 25.48 milion in previous quarter this year with a decrease of 87.52%. The total comprehensive income for the period was SR 28.66 million compared to (54.92) million for the same period last year with an increase of 152.18%. Shareholders equity (Excluding non controlling interests) at the end of the period was SR. 3.71 billion compared to SR. 3.54 billion at the end of the comparative period last year with a decrease of 4.8% |
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