Batic Investments and Logistics Co. announces the interim consolidated financial results for the period ending on 30-09-2018 (Nine Months)
Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
---|---|---|---|---|---|
Sales/Revenue | 127,581,240 | 125,965,576 | 1.282 | 128,120,844 | -0.421 |
Total Profit (Loss) | 18,240,531 | 27,838,673 | -34.477 | 17,467,682 | 4.424 |
Profit (Loss) Operational | 5,902,462 | 16,906,318 | -65.087 | 3,456,558 | 70.761 |
Net Profit (Loss) after Zakat and Tax | 3,728,615 | 14,815,260 | -74.832 | 1,937,923 | 92.402 |
Total Comprehensive Income | 3,728,615 | 14,815,260 | -74.832 | 1,937,923 | 92.402 |
All figures are in (Actual) Saudi Arabia, Riyals |
Element List | Current Period | Similar period for previous year | %Change |
---|---|---|---|
Sales/Revenue | 383,148,669 | 363,165,025 | 5.502 |
Total Profit (Loss) | 53,072,131 | 78,871,844 | -32.71 |
Profit (Loss) Operational | 14,640,197 | 48,643,818 | -69.903 |
Net Profit (Loss) after Zakat and Tax | 9,615,169 | 40,156,409 | -76.055 |
Total Comprehensive Income | 9,615,169 | 40,156,409 | -76.055 |
Total Share Holders Equity (after deducting minority equity) | 362,645,356 | 340,619,269 | 6.466 |
Profit (Loss) per Share | 0.32 | 1.34 | |
All figures are in (Actual) Saudi Arabia, Riyals |
Element List | Explanation |
---|---|
Reason for increase (decrease) in net profit for current quarter compared to the same quarter of the previous year | The decrease in net income for the Third quarter of 2018 compared to the same quarter of 2017 of 74.83 % is mainly due to: - The decrease in gross profit of SAR 9,598,142 due to the increase in operating cost equivalent to 86% compared to 78% for the same quarter last year, which is mainly due to an increase in labor cost starting from year 2018. - An increase in general and administrative expenses of SAR 1,405,714 is due to the expenses related to the acquisition transactions and the administration expenses in the subsidiaries. |
Reason for increase (decrease) in net profit for current quarter compared to the previous quarter | The increase in net income for the Third quarter of 2018 compared to the previous quarter of 92.40 % is mainly due to the decrease in general and administrative expenses of SAR 1,673,055 |
Reason for increase (decrease) in net profit for current period compared to the similar period of the previous year | The decrease in net income during the Current period of 2018 comparing with the same period last year 2017 of 76.05% is mainly due to: - The decrease in gross profit of SAR 25,799,713 due to the increase in operating cost, an increase equivalent to 86% compared to 78% for the same period last year, which is mainly due to an increase in labor cost starting from year 2018. - An increase in general and administrative expenses of SAR 8,203,908 is due to the expenses related to the acquisition transactions and the administration expenses in the subsidiaries. |
Type of the external auditor's opinion | Unmodified opinion |
Reclassifications in quarter financial result | Prior period figures have been re-classified to conform to the presentation in the current period. |
Additional Information | -The profit per share was calculated for the current quarter, and the previous periods based on the updated number of shares, that is to reflect the increase in capital from 24m to 30m share through the bonus shares approved on April 29 2018. |
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