Knowledge Economic City announces its Interim Financial Results for the Period Ending on 2019-06-30 ( Six Months )

05 August 2019 03:57 PM

KEC 4310 18.28% 14.88 2.30

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	30,144	15,639	92.748	82,135	-63.299
Gross Profit (Loss)	7,266	2,642	175.018	30,006	-75.784
Operational Profit (Loss)	-5,903	-7,430	-20.551	19,802	-
Net Profit (Loss) after Zakat and Tax	5,483	-8,863	-	19,564	-71.974
Total Comprehensive Income	5,483	-8,863	-	19,630	-72.068
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	112,279	22,897	390.365
Gross Profit (Loss)	37,272	1,731	2,053.206
Operational Profit (Loss)	13,899	-20,079	-
Net Profit (Loss) after Zakat and Tax	25,047	-22,345	-
Total Comprehensive Income	25,113	-22,345	-
Total Share Holders Equity (after Deducting Minority Equity)	3,129,775	3,120,804	0.287
Profit (Loss) per Share	0.074	-0.066
All figures are in (Thousands) Saudi Arabia, Riyals

	Accumulated Losses	Capital	Percentage %
	-263,225	3,393,000	-0.079
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Explanation
Increase (Decrease) in Net Profit for Current Quarter Compared to the Same Quarter of the Previous Year is Attributed to	The increase in the net profit for the company during the current quarter compared to the corresponding quarter of the previous year is due to higher revenue from sold units and re-measurement of equity investment on acquisition of additional shares.
Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to	The decrease in the net profit for the company during the current quarter compared to the previous quarter for the same year is due to lower revenue
Increase (Decrease) in Net Profit for Current Period Compared to the Similar Period of the Previous Year is Attributed to	The increase in the net profit for the company during the current period compared to the corresponding period of the previous year is due to increasing of revenue and re-measurement of equity investment on acquisition of additional shares.
Basis of the External Auditor's Opinion	Unmodified opinion
Additional Information	The Company has adopted International Standards No. (16) The impact of the adoption of these standards and the new accounting policies are disclosed in Note 2 of condensed consolidated interim financial information

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