United International Transportation Co. announces its Interim Financial Results for the Period Ending on 2019-09-30 ( Nine Months )

27 October 2019 08:01 AM

BUDGET SAUDI 4260 31.85% 85.70 20.70

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	255,644	261,967	-2.413	254,469	0.461
Gross Profit (Loss)	77,212	71,193	8.454	73,683	4.789
Operational Profit (Loss)	48,645	47,122	3.232	46,256	5.164
Net Profit (Loss) after Zakat and Tax	45,243	43,112	4.942	43,477	4.061
Total Comprehensive Income	45,243	43,112	4.942	43,477	4.061
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	769,521	782,883	-1.706
Gross Profit (Loss)	222,434	199,827	11.313
Operational Profit (Loss)	138,747	134,995	2.779
Net Profit (Loss) after Zakat and Tax	130,324	123,536	5.494
Total Comprehensive Income	130,324	123,536	5.494
Total Share Holders Equity (after Deducting Minority Equity)	1,149,929	1,087,133	5.776
Profit (Loss) per Share	1.83	1.74
All figures are in (Thousands) Saudi Arabia, Riyals

	Capital
	711,666
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 net profit is mainly due to better utilization of short term rentals along with to increase in the net car sale gain as a result of the improved mode of sales to individual and bulk buyers, along with the type of vehicle mix.
Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to	The increase in net profit is mainly due to the increase in net car sales gain. The better gain on sale as a result of consistent better conditions and mix of the vehicles, in addition, to an improved mode of sales to individual and bulk buyers.
Increase (Decrease) in Net Profit for Current Period Compared to the Similar Period of the Previous Year is Attributed to	The increase in net profit is mainly due to better utilization of short term rentals along with to increase in the net car sales gain as a result of the improved mode of sales to individual and bulk buyers, along with the type of vehicle mix.
Basis of the External Auditor's Opinion	Unmodified opinion
Reclassification of Comparison Items	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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