All figures are in (Thousands) Saudi Arabia, Riyals
Element
Current period
Similar period for previous year
% Change
Net profit (loss)
592,935
-320,414
-
Gross profit (loss)
734,846
383,539
91.6
Operational profit (loss)
1,144,363
29,666
3,757.49
Earning or loss per share, Riyals
0.16
-0.09
-
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 Increase in hotels and other operating revenues in addition to increase in dividends income, income from and gain on investments and increase in other gains. Despite of increase in hotels and other operating costs in addition to increase in General and administrative expenses and decrease in other revenue.
Reasons of increase (decrease) for period compared with same period last year
Increase in dividends income, income from and gain on investments and increase in other gains in addition to an increase in share of results from equity-accounted investees. Despite of increase in General and administrative expenses and decrease in other revenue.
Reasons of increase (decrease) for quarter compared with previous quarter
The increase in net profit due to Increase in hotels and other operating revenues in addition to increase in dividends income, increase in share of results from equity-accounted investees and increase in other gains. Despite of increase in hotels and other operating costs in addition to increase in General and administrative expenses and financial charges and decrease in income from and gain on investments.
Reclassifications in quarterly financial results
Comparative figures of the same period last year were reclassified to be consistent with current figures
Other notes
Revenue for the current period is amounting to SAR 1,752 million compare to SAR 1,417 million for the same period last year represent an increase of 23.6%. Revenue for the current quarter is amounting to SAR 550 million compare to SAR 313 million for the same quarter last year represent an increase of 76%. The total comprehensive income for current quarter is amounting to SAR 1,116 million compare to SAR 620 million for the same quarter last year represent an increase of 80%. The total comprehensive income for current quarter is amounting to SAR 1,116 million compare to SAR 1,674 million for the previous quarter represent a decrease of 33.3%. The total comprehensive income for current period is amounting to SAR 3,185 million compare to losses of SAR 823 million for the same period last year. The shareholders equity for current period after deducted the minority interest is amounting to SAR 30,763 million compare to SAR 27,098 million for the same period last year represent an increase of 13.5%. On 1 January 2017 KHC adopted International Financial Reporting Standards (IFRS) and comparable periods.
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