Kingdom Holding Co. — Earnings Release 2016

Apr 21, 2016

Kingdom Holding Company announces the interim financial results for the period ending on 31-03-2016 (Three Months)

4280 · 21/04/2016 15:09:53 · Announcement #42336 · View on Saudi Exchange

Kingdom Holding Company announces the interim financial results for the period ending on 31-03-2016 (Three Months)

Element	Current quarter	Similar quarter for previous year	% Change current	Previous quarter	% Change previous
Net profit (loss)	103,969	139,382	-	37,910	174.25
Gross profit (loss)	263,520	299,039	-	555,337	-
Operational profit (loss)	218,643	250,220	-	146,120	49.63
Earning or loss per share, Riyals	0.03	0.04	-	-	-
All figures are in (Thousands) Saudi Arabia, Riyals

Element	EXPLAINATION
Reasons of increase (decrease) for quarter compared with same quarter last year	Decrease in income from associates and Joint ventures and other income in addition to decrease in dividends income and increase in finance charges. Despite of increase in gain in investments in addition to decrease in general and administrative cost and depreciation.
Reasons of increase (decrease) for quarter compared with previous quarter	Increase in hotel revenue and dividends income in addition to decrease in general and administrative cost and also provided impairment provision in the previous quarter. Despite of decrease in gain in investment, income from associates and increase in finance charges and depreciation.
Reclassifications in quarterly financial results	Comparative figures of the same period last year were reclassified to be consistent with current period

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