Seera Group Holding — Earnings Release 2015

Oct 20, 2015

Altayyar Travel Group announces the interim financial results for the period ending on 30-09-2015 (Nine Months)

1810 · 20/10/2015 18:02:18 · Announcement #40045 · View on Saudi Exchange

Altayyar Travel Group announces the interim financial results for the period ending on 30-09-2015 (Nine Months)

Element	Current quarter	Similar quarter for previous year	% Change current	Previous quarter	% Change previous
Net profit (loss)	265	244	8.61	396	-
Gross profit (loss)	399	376	6.12	555	-
Operational profit (loss)	270	257	5.06	405	-
All figures are in (Millions) Saudi Arabia, Riyals

Element	Current period	Similar period for previous year	% Change
Net profit (loss)	946	887	6.65
Gross profit (loss)	1,395	1,215	14.81
Operational profit (loss)	975	898	8.57
Earning or loss per share, Riyals	4.73	4.44	-
All figures are in (Millions) Saudi Arabia, Riyals

Element	EXPLAINATION
Reasons of increase (decrease) for quarter compared with same quarter last year	Gross profit for the current quarter increased by 6% as compared to same quarter last year This increase is attributed to increase in sales by 8% and reason for increase in sales is attributed to Increase in number of branches around 40 branch inside the Kingdom specially for new government and other clients Acquisitions made during the mid of 2014 lead to increase in revenue for the current quarter Increase in sales from Airlines GSAs. Increase in net profits of the current quarter compared with the same quarter of the previous year by 9% due to the increase in sales by 8% and increase in other operating income by 166%
Reasons of increase (decrease) for period compared with same period last year	The reason for increase in net profit for the current period compared with the same period of the previous year is due to increase in sales by 17% for the reasons stated in the first paragraph as well as increase in other operating income by 62% compared with the same period of the previous year. Same period previous year included the amount of SR 30 million is a capital gain and the current period include 30 million Saudi Riyals impairment for one of the equity invested company excluding the impact of these transactions increase in net profit for this period compared to the corresponding period of the previous year is about 14%
Reasons of increase (decrease) for quarter compared with previous quarter	Sales decreased by 20% for this quarter compared to previous quarter last year and is attributed seasonal mode of the business activity.
Reclassifications in quarterly financial results	The compared figures of previous period had been reclassified to match with current presentation.
Other notes	Earnings / (loss) per share from operating income, other income / (expense) and net income for the current and comparative period has been calculated by using the number of ordinary shares outstanding as at 30 September 2015 of 200 million shares (30 September 2014: 200 million shares) after adjustment of bonus shares issued on 4 March 2015.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.