United International Transportation Co. announces its interim Financial results for the period ending on 2018-09-30 ( Nine Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 261,967 | 282,989 | -7.428 | 250,684 | 4.5 |
| Total Profit (Loss) | 71,193 | 64,838 | 9.801 | 63,749 | 11.677 |
| Profit (Loss) Operational | 47,122 | 47,447 | -0.684 | 44,507 | 5.875 |
| Net Profit (Loss) after Zakat and Tax | 43,112 | 42,808 | 0.71 | 40,831 | 5.586 |
| Total Comprehensive Income | 43,112 | 42,808 | 0.71 | 40,831 | 5.586 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 782,883 | 863,315 | -9.316 |
| Total Profit (Loss) | 199,827 | 194,795 | 2.583 |
| Profit (Loss) Operational | 134,995 | 143,527 | -5.944 |
| Net Profit (Loss) after Zakat and Tax | 123,536 | 127,940 | -3.442 |
| Total Comprehensive Income | 123,536 | 127,940 | -3.442 |
| Total Share Holders Equity (after deducting minority equity) | 1,087,133 | 1,070,347 | 1.568 |
| Profit (Loss) per Share | 1.74 | 1.8 | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Accumulated Losses | Capital | Percentage % | |
|---|---|---|---|
| 0 | 711,666 | 0 |
| Element List | Explanation |
|---|---|
| Reason for increase (decrease) in net profit for current quarter compared to the same quarter of the previous year | The increase in net profit is mainly due to higher profit from the vehicles sold as a result of more vehicles sold during the current quarter compared to same quarter last year |
| Reason for increase (decrease) in net profit for current quarter compared to the previous quarter | The increase in net profit is mainly due to marginal increase in short rental revenue and due to higher gain on sale as a result of more vehicles being sold during the current quarter compared to previous quarter. |
| Reason for increase (decrease) in net profit for current period compared to the similar period of the previous year | The decrease in net Profit is mainly due to decrease in short rental as well as long rental revenue in addition to increase in selling and Marketing expense along with increase in General and administrative expenses too. |
| Type of the external auditor's opinion | Unmodified opinion |
| External auditor's report containing reservation | None |
| Reclassifications in quarter financial result | Certain comparative figures have been reclassified to conform to the current period's presentation according to International Financial Reporting Standards (IFRS) . |
| Additional Information | The decrease in revenue for current quarter compared to same quarter last year is mainly due to decrease in rental revenue from both short and long term. 2- The increase in total Profit for current quarter compared to same quarter last year is mainly due to higher profit from the vehicles sold as a result of more vehicles sold during the current quarter compared to same quarter last year. 3- The increase in total Profit for current quarter compared to previous quarter is mainly due to marginal increase in short rental revenue and due to higher gain on sale as a result of more vehicles being sold during the current quarter compared to previous quarter. 4- The decrease in revenue for current period compared to same period last year is mainly due to decrease in rental revenue from both short and long term. |
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