United International Transportation Co. announces its interim Financial results for the period ending on 2019-03-31 ( Three Months )

25 April 2019 03:38 PM

BUDGET SAUDI 4260 -3.27% 65.00 -2.20

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	259,408	270,232	-4.005	258,088	0.511
Total Profit (Loss)	71,539	64,885	10.255	72,976	-1.969
Profit (Loss) Operational	43,846	43,366	1.106	40,373	8.602
Net Profit (Loss) after Zakat and Tax	41,604	39,593	5.079	39,222	6.073
Total Comprehensive Income	41,604	39,593	5.079	39,222	6.073
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Share Holders Equity (after deducting minority equity)	1,167,959	1,126,355	3.693
Profit (Loss) per Share	0.58	0.56
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 comparatively lower cost of revenue as a result of better margin in the used car sale price. In addition to decrease of Finance costs due to declining into debts.
Reason for increase (decrease) in net profit for current quarter compared to the previous quarter	The increase in net profit is mainly due to better utilization of short rental and sale proceed from used car.
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) .

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