Kingdom Holding Co. — Interim / Quarterly Report 2018

Aug 8, 2018

Kingdom Holding Co. announces the interim financial results for the period ending on 30-06-2018 (Six Months)

4280 · 08/08/2018 16:12:56 · Announcement #51872 · View on Saudi Exchange

Kingdom Holding Co. announces the interim financial results for the period ending on 30-06-2018 (Six Months)

Element	Current quarter	Similar quarter for previous year	% Change current	Previous quarter	% Change previous
Net profit (loss)	242,670	216,303	12.19	143,042	69.65
Gross profit (loss)	365,796	204,146	79.18	161,766	126.13
Operational profit (loss)	619,779	369,599	67.69	271,817	128.01
All figures are in (Thousands) Saudi Arabia, Riyals

Element	Current period	Similar period for previous year	% Change
Net profit (loss)	385,712	345,391	11.67
Gross profit (loss)	527,562	558,937	-
Operational profit (loss)	891,596	627,522	42.08
Earning or loss per share, Riyals	0.1	0.09	-
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 in addition to increase in income from and gain on investments , increase in dividends income, and increase in share of results from equity-accounted investees. Despite of increase in hotel and other operating costs, increase in other losses in addition to increase in financial charges and General and administrative expenses.
Reasons of increase (decrease) for period compared with same period last year	The increase in net profit due to Increase in hotels and other operating revenues in addition to dividend income and share of results from equity-accounted investees. Despite of increase in hotel and other operating costs, increase in other losses, decrease in income from and gain on investments in addition to increase in financial charges and General and administrative 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 in addition to increase in income from and gain on investments and increase in share of results from equity-accounted investees. Despite of increase in hotel and other operating costs, increase in other losses decrease in dividend income and increase in to financial charges and General and administrative expenses.
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 SAR 1,345 million compare to SAR 1,202 million for the same period last year represent an increase of 11.9%. The total comprehensive income for current period is amounting to SAR 139 million compare to SAR 2,069 million for the same period last year a decrease of 93%. The shareholders equity for current period after deducted the minority interest is amounting to SAR 31,006 million compare to SAR 31,522 million for the same period last year represent a decrease of 1.6 %

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