Reasons of increase (decrease) for the quarter compared with same quarter last year |
The reason for decrease in net loss by 107% due to increase in Net Claims Incurred by 9% and increase in other operating expenses by 134% during the second quarter compared with the same quarter of the previous year. |
Reasons of increase (decrease) for the period compared with same period last year |
The reason for decrease in net loss by 107% due to increase in net incurred claim by 6% and increase in other operating expenses by 31% during the current period compared to the same period of last year. |
Reasons of increase (decrease) for the quarter compared with the previous quarter |
The reason for decrease in net loss by 2,347% due to decrease in Gross Written Premium by 23%. Also, due to increase in Net Claims Incurred by 6% and other operating expenses increased by 54% compared to previous quarter. |
External auditor's report containing reservation |
The External Auditors reviewed the Financial Statements and issued limited review report |
Reclassifications in quarterly financial results |
The comparative figures for the previous period have been reclassified where necessary in order to confirm to the current periods presentation |
Other notes |
The comprehensive loss for the current quarter is SR (809) thousand compared to the same quarter of the previous year is SR 11,293 thousand a decrease in net profit by 107%. The total loss for the current quarter reached SR (809) thousand compared to first quarter of the same year SR 36 thousand decrease by SR (845) thousand. The comprehensive income for the current period reached SR (773) thousand Compared to last year SR 10,968 thousand, a decrease in profit by 107% during the current period compared to the same period of last year. Total shareholders' equity for the current period (no minority rights) amounted to SR 195,484 thousand, compared as of year ended December 2017 SR 198,920 thousand, decrease by 2%. Earnings per share is calculated before Zakat. |
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