Seera Group Holding — Earnings Release 2015

Feb 11, 2016

Altayyar Travel Group announces the annual financial results for the period ending on 31-12-2015

1810 · 11/02/2016 08:48:29 · Announcement #41158 · View on Saudi Exchange

Altayyar Travel Group announces the annual financial results for the period ending on 31-12-2015

Element	Current year	Previous year	% Change
Net profit (loss)	1,162	1,119	3.84
Earning or loss per share, Riyals	5.81	5.59	-
Gross profit (loss)	1,816	1,621	12.03
Operational profit (loss)	1,203	1,147	4.88

*All figures are in (Millions) Saudi Arabia, Riyals

Element	EXPLAINATION
Reasons of annual financial results	The net profit for the current period increased by 4% as compared to same period last year due to increase in sales by 12% and increase in other operating income by 56%.
Reclassifications in annual financial results	Certain of the prior year figures have been reclassified to confine to the current year presentation.
Other notes	1-During the current period impairment loss of SR 67 million was recorded SR 37 million as impairment loss on intangible assets and SR 30 million impairment loss on equity accounted investees as compared to SR 35 million impairment loss recorded for equity accounted investees during the previous year. 2- Earnings per share from operating income, other income and net income for the current and comparative period has been calculated by using the number of ordinary shares outstanding as at 31 December 2015 of 200 million shares (31 December 2014: 200 million shares) after adjustment for bonus shares issued on 4 March 2015 see not 26.

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