Seera Group Holding — Earnings Release 2013

Apr 16, 2013

Al-Tayyar Travel Group Holding Co. announces the interim financial results for the period ending on 31/03/2013 (three months)

1810 · 16/04/2013 17:00:37 · Announcement #30296 · View on Saudi Exchange

Al-Tayyar Travel Group Holding Co. announces the interim financial results for the period ending on 31/03/2013 (three months)

Al-Tayyar Travel Group Holding Co. announces the interim financial results for the period ending on 31/03/2013 as follows:

1.The net income during the first quarter amounted to SR 217.9 million compared to SR 152.9 million during the same quarter of the previous year with an increase of 42%, and compared to SR 157.2 million during the preceding quarter with an increase of 39 %.

2.The gross profit during the first quarter amounted to SR 301.5 million compared to SR 241.8 million during the same quarter of the previous year with an increase of 25%.

3.The operating income during the first quarter amounted to SR 228.6 million compared to SR 170.7 million during the same quarter of the previous year with an increase of 34%.

4.The basic earnings per share during three months amounted to SR 2.72 compared to SR 1.91 during the same period in the previous year. Earnings per share has been calculated on the bases of the number of the ordinary shares during the period ending on 31 march 2013, which is 80 million shares .

5.The increase during the current quarter as compared to the same quarter in the previous year is attributed to growth of revenue by 15 % and decrease in finance and bank charges.

6.The increase in net income during the first quarter as compared to the preceding quarter is attributed to growth of revenue by 17 %.

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