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BAAN Holding Group Co. — Earnings Release 2014
Feb 22, 2015
53278_rns_2015-02-22_567315d3-f25a-443e-b6b6-7da41f20d8d2.html
Earnings Release
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Abdulmohsen Alhokair group for Tourism and Development Co announces the annual financial results for the period ending on 31-12-2014
1820 · 22/02/2015 08:58:29 · Announcement #37233 · View on Saudi Exchange
Abdulmohsen Alhokair group for Tourism and Development Co announces the annual financial results for the period ending on 31-12-2014
| Element | Current year | Previous year | % Change |
|---|---|---|---|
| Net profit (loss) | 196.5 | 195.7 | 0.41 |
| Earning or loss per share, Riyals | 3.57 | 3.56 | - |
| Gross profit (loss) | 356.3 | 325.9 | 9.33 |
| Operational profit (loss) | 182.2 | 169.4 | 7.56 |
*All figures are in (Millions) Saudi Arabia, Riyals
| Element | EXPLAINATION |
|---|---|
| Reasons of annual financial results | The increase in Net profit Gross profit and Operational profit is due to the increase in revenues from both Hotels and Entertainment Divisions This increase in revenue was driven by growth in revenues of existing hotels and entertainment sites the inclusion of revenue from two new hotels for the full period while their impact was only partially captured during the same period last year due to the timing of their openings and the full operation of three Entertainment sites during the period and the addition of two new Entertainment sites |
| Reclassifications in annual financial results | Certain prior year figures have been reclassified to conform to the presentation in the current year |
| Other notes | For comparison purposes the earning per share for the similar period for pervious year has been calculated based on the existing number of shares (55,000,000) as the increase in capital from 407,511,000 to 550,000,000 done in 02/06/2013 |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.