Reasons of increase (decrease) for the quarter compared with same quarter last year |
The reason behind the decrease in net profit during the three months period compared to net profit of the corresponding period of the previous year is due to the increase in loss ratio. |
Reasons of increase (decrease) for the quarter compared with the previous quarter |
The reason behind the increase in net profit during the three months period compared to net profit of the previous quarter is due to the decrease in general and administrative expenses. |
Reclassifications in quarterly financial results |
Certain reclassifications were made in comparative numbers to conform to the current period. |
Other notes |
1-Shareholders equity (no minority interest) stands at SR 256.7 million compared to SR 248.5 million for the corresponding period of the previous year representing an increase of 3.3%. 2- Accumulated losses as of the end of the period stand at SR 2.8 million representing 1.1% from the capital. 3-Shareholders comprehensive income during Q1 2018 is SR 2,959 thousand compared to SR 5,550 thousand for the corresponding period of the previous year representing a decrease of 47%, and SR 1,987 thousand for the previous quarter representing a decrease of 49%. 4-Earning per share calculated before Zakat and income tax. |
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