Kingdom Holding Co. — Earnings Release 2017

Mar 29, 2018

Kingdom Holding Co. announces the annual financial results for the period ending on 31-12-2017

4280 · 29/03/2018 15:17:43 · Announcement #49962 · View on Saudi Exchange

Kingdom Holding Co. announces the annual financial results for the period ending on 31-12-2017

Element	Current year	Previous year	% Change
Net profit (loss)	663,569	-349,975	-
Earning or loss per share, Riyals	0.18	-0.09	-
Gross profit (loss)	1,073,741	446,399	140.53
Operational profit (loss)	1,464,256	126,531	1,057.23

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

Element	EXPLAINATION
Reasons of annual financial results	The increase in net income is due to increase in dividends income, income from and gain /(losses) on investments and increas in other gains in addition to increase in share of results from eqity - accounted investees despite of increase in general, administrative and marketing expenses and financial chareges.
Reclassifications in annual 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 SAR 2,356 million compare to SAR 1,873 million for the same period last year represent an increase of 25.8%. The total comprehensive income for current period is amounting to SAR 3,946 million compare to of SAR 270 million for the same period last year an increase of 1361%. The shareholders equity for current period after deducted the minority interest is amounting to SAR 31,522 million compare to SAR 28,233 million for the same period last year represent an increase of 11.6 %. On 1 January 2017 KHC adopted International Financial Reporting Standards (IFRS) and comparable periods of last year.

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