Seera Group Holding — Earnings Release 2013

Jul 16, 2013

ALTAYYAR TRAVEL GROUP announces the interim financial results for the period ending on 30-06-2013 (Six Months)

1810 · 16/07/2013 17:32:38 · Announcement #31622 · View on Saudi Exchange

ALTAYYAR TRAVEL GROUP announces the interim financial results for the period ending on 30-06-2013 (Six Months)

Element	Current quarter	Similar quarter for previous year	% Change current	Previous quarter	% Change previous
Net profit (loss)	301.8	243.9	23.74	217.8	38.57
Gross profit (loss)	402.6	370.4	8.69	301.5	33.53
Operational profit (loss)	321.3	262.6	22.35	228.6	40.55
All figures are in (Millions) Saudi Arabia, Riyals

Element	Current period	Similar period for previous year	% Change
Net profit (loss)	520	397	30.98
Gross profit (loss)	704	612	15.03
Operational profit (loss)	550	433	27.02
Earning or loss per share, Riyals	4.33	3.31	-
All figures are in (Millions) Saudi Arabia, Riyals

Element	EXPLAINATION
Reasons of increase (decrease) for quarter compared with same quarter last year	The increase in current quarter as compared to the same quarter in previous year is attributed to growth in sales by 19% and increase in other operating income by 41%.
Reasons of increase (decrease) for period compared with same period last year	The main reason for increase in current period as compared to the same period last year is attributed to growth in sales by 17% and increase in other operating income by 23% and there has been no impairment loss on equity investment during the current period as compared to last year.
Reasons of increase (decrease) for quarter compared with previous quarter	The main reason for increase in current quarter as compared to previous quarter is attributed to growth in sales by 7% and increase in other operating income by 52%.
Other notes	Earnings share net income for the current and comparative period has been calculated by using the number of ordinary shares outstanding as at 30 June 2013 of 120 million shares 120 million shares at 30 June 2012 adjusted for bonus share issued on 2 April 2013 see note 1.

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