Kingdom Holding Co. — Earnings Release 2019

Mar 31, 2020

Kingdom Holding Co. announces its Annual Financial Results for the Period Ending on 2019-12-31

4280 · 31/03/2020 16:04:58 · Announcement #58241 · View on Saudi Exchange

Kingdom Holding Co. announces its Annual Financial Results for the Period Ending on 2019-12-31

Element List	Current Year	Previous Year	%Change
Sales/Revenue	2,231,819	2,578,138	-13.432
Gross Profit (Loss)	1,121,760	1,235,808	-9.228
Operational Profit (Loss)	1,265,679	1,561,190	-18.928
Net Profit (Loss) after Zakat and Tax	420,168	681,633	-38.358
Total Comprehensive Income	4,231,845	-2,916,515	-
Total Share Holders Equity (after Deducting Minority Equity)	31,477,126	27,950,409	12.617
Profit (Loss) per Share	0.12	0.19
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Explanation
Increase (Decrease) in Net Profit for Current Year Compared to Last Year is Attributed to	Reasons of decrease in net income for the year compared with same period last year due to decrease in share of results from equity-accounted investees, decrease in hotel and other operating revenues and decrease in gains from investments, and increase in finance charges, increase in general and administrative and marketing expenses and increase in impairment of financial assets, despite increase in dividends income and decrease in hotel and other operating costs, and decrease in other losses, in addition to decrease in Zakat and income tax expenses.
Basis of the External Auditor's Opinion	Unmodified opinion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion	N/A
Reclassification of Comparison Items	Comparative figures of the same period last year were reclassified to be consistent with current figures

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