Kingdom Holding Co. — Earnings Release 2015

Feb 22, 2016

Kingdom Holding Company announces the annual financial results for the period ending on 31-12-2015

4280 · 22/02/2016 08:05:09 · Announcement #41274 · View on Saudi Exchange

Kingdom Holding Company announces the annual financial results for the period ending on 31-12-2015

Element	Current year	Previous year	% Change
Net profit (loss)	707,142	869,069	-18.63
Earning or loss per share, Riyals	0.19	0.23	-
Gross profit (loss)	1,699,141	1,562,882	8.72
Operational profit (loss)	1,150,077	1,336,968	-13.98

*All figures are in (Thousands) Saudi Arabia, Riyals

Element	EXPLAINATION
Reasons of annual financial results	Decrease in revenue and operating income from hotels and also income and gains on investments in addition to providing for impairment provisions despite of increase in income from associate and JV and decrease in general and administrative expenses, finance charges and depreciation.
Reclassifications in annual financial results	Comparative figures of the same period last year were reclassified to be consistent with current figures

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