Element List |
Explanation |
Increase (Decrease) in Net Profit for Current Quarter Compared to Same Quarter Last Year is Attributed to |
Net income decreased due to an increase in total operating expenses by 2.9% due to an increase in salaries and employees related benefits, and depreciation. In addition, there was an increase in credit impairment charge from SAR 386 million to SAR 458 million by 18.8%. In contrast, there was a decrease in total operating income by 1.1% as a result of the decrease in net financing and investment income. Whereas, there was an increase in fees from banking services, and other operating income. |
Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to |
Net income increased due to a decrease in total operating expense by 9.6%, mainly caused by a decrease in salaries and employees’ related benefits. In addition, credit impairment charge decreased from SAR 693 million to SAR 458 million by 33.9%. In contrast, there was an increase in general and other administrative expenses, and depreciation. Also, total operating income decreased by 3.2% caused by a decrease in net financing and investment income, net exchange income, and fees from banking services. Whereas, there was an increase in other operating income. |
Increase (Decrease) in Net Profit for Current Period Compared to the Same Period Last Year is Attributed to |
Net income decreased due to an increase in total operating expense by 15.2%, mainly caused by an increase in salaries and employees’ related benefits, depreciation expenses and general and other administrative expenses. In addition, credit impairment charge has increased from SAR 775 million to SAR 1,151 million by 48.5%. In contrast, total operating income increased by 2.9% caused by an increase in income from investment and financing, fees from banking services, net exchange income, and other operating income. |
Basis of the External Auditor's Opinion |
Unmodified opinion |
Reclassification of Comparison Items |
Some items have been re-classified |
Additional Information |
Earnings per share is calculated by dividing the net income after zakat for the period ended 30 Jun 2020 and 30 Jun 2019 by 2,500 million shares to give a retroactive effect of change in the number of shares increased as a result of the bonus shares issued. |
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