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Kingdom Holding Co. announces the interim financial results for the period ending on 31-03-2018 (Three Months)

KINGDOM 4280 0.42% 7.13 0.03
Element Current quarter Similar quarter for previous year % Change current Previous quarter % Change previous
Net profit (loss) 143,042 129,088 10.81 70,634 102.51
Gross profit (loss) 161,766 354,791 -54.41 338,895 -52.27
Operational profit (loss) 271,817 257,923 5.39 319,893 -15.03
Earning or loss per share, Riyals 0.04 0.03 - - -
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, increase in dividends income also increase in share of results from equity-accounted investees in addition to decrease on financial charges despite of decrease on income from and gain on investments and increase in hotels and other operating costs, as well as increase in general, administrative and marketing expenses.
Reasons of increase (decrease) for quarter compared with previous quarter The increase in net profit due to increase in hotels and other operating revenues also increase in share of results from equity-accounted investees in addition to decrease on financial charges and general, administrative and marketing expenses despite of decrease on income from and gain on investments and increase in hotels and other operating costs.
Reclassifications in quarterly 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 SAR513 million compare to SAR 662million for the same period last year represent a decrease of 22.5%. The total comprehensive income for current period is loss amounting to SAR144 million compare to profit amounting to SAR 398 million for the same period last year represent a decrease of 136%. The shareholders equity for current period after deducted the minority interest is amounting to SAR 30,721 million compare to SAR 31,522 million for the same period last year represent a decrease of 2.54%.

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