Kingdom Holding Co. — Earnings Release 2018

May 9, 2018

Kingdom Holding Co. announces the interim financial results for the period ending on 31-03-2018 (Three Months)

4280 · 09/05/2018 15:06:51 · Announcement #50760 · View on Saudi Exchange

Kingdom Holding Co. announces the interim financial results for the period ending on 31-03-2018 (Three Months)

Element	Current quarter	Similar quarter for previous year	% Change current	Previous quarter	% Change previous
Net profit (loss)	143,042	129,088	10.81	70,634	102.51
Gross profit (loss)	161,766	354,791	-	338,895	-
Operational profit (loss)	271,817	257,923	5.39	319,893	-
Earning or loss per share, Riyals	0.04	0.03	-	-	-
All figures are in (Thousands) Saudi Arabia, Riyals

Element	EXPLAINATION
Reasons of increase (decrease) for quarter compared with same quarter last year	The increase in net profit due to increase in hotels and other operating revenues, increase in dividends income also increase in share of results from equity-accounted investees in addition to decrease on financial charges despite of decrease on income from and gain on investments and increase in hotels and other operating costs, as well as increase in general, administrative and marketing expenses.
Reasons of increase (decrease) for quarter compared with previous quarter	The increase in net profit due to increase in hotels and other operating revenues also increase in share of results from equity-accounted investees in addition to decrease on financial charges and general, administrative and marketing expenses despite of decrease on income from and gain on investments and increase in hotels and other operating costs.
Reclassifications in quarterly financial results	Comparative figures of the same period last year were reclassified to be consistent with current figures
Other notes	The total revenue for the current period is amounting to SAR513 million compare to SAR 662million for the same period last year represent a decrease of 22.5%. The total comprehensive income for current period is loss amounting to SAR144 million compare to profit amounting to SAR 398 million for the same period last year represent a decrease of 136%. The shareholders equity for current period after deducted the minority interest is amounting to SAR 30,721 million compare to SAR 31,522 million for the same period last year represent a decrease of 2.54%.

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