SAPTCO Announces The Interim Consolidated Financial Results For The Period Ending On 30-06-2017 (Six Months)
31/07/2017
| Element |
Current Quarter |
Similar Quarter for previous year |
Change Current% |
Previous Quarter |
Change Previous% |
| Net profit (loss) |
39,458 |
6,069 |
550.16 |
3,519 |
1,021.28 |
| Gross profit (loss) |
53,853 |
44,582 |
20.8 |
15,698 |
243.06 |
| Operational profit (loss) |
26,896 |
6,786 |
296.35 |
-11,819 |
- |
All figures are in (Thousands) Saudi Arabia, Riyals
| Element |
Current Period |
Similar Period for previous year |
Change% |
| Net profit (loss) |
42,977 |
39,374 |
9.15 |
| Gross profit (loss) |
69,551 |
88,913 |
-21.78 |
| Operational profit (loss) |
15,077 |
23,598 |
-36.11 |
| Earning or loss per share, Riyals |
0.33 |
0.35 |
- |
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 income during the current quarter compared with the same quarter of previous year because of:
- Increase in activity revenue by SAR 10 million and 4% for the period which include revenue of Ramadan and Eid 1438.
- Decrease in general and administrative expenses by SAR 4.4 million and 21%.
- Decrease in marketing expenses by SAR 6.4 million and 40%.
- Increase in the profits of the joint venture company by SAR 6.9 million.
- Increase in other income SAR 6.7 million.
- Decrease in Zakat amount SAR 2.3 million.
|
| Reasons of increase (decrease) for period compared with same period last year |
The increase in net profit during the current period compared with the previous year because of:
- Decrease in general and administrative expenses by SAR 0.5 million.
- Decrease in marketing expenses by SAR 10.4 million and 39%.
- Increase in the profits of the joint venture for SAR 13.5 million.
- Increase in other revenues for SAR13.6 million.
|
| Reasons of increase (decrease) for quarter compared with previous quarter |
The increase in net profit during the current quarter compared with the previous quarter because of:
- Increase in activity revenue for SAR 65 million and 28% including Ramadan season and Eid 1438.
- Decrease in general and administrative expenses by SAR 3.9 million and 19%.
- Increase in other income by SAR 0.4 million and 3%.
- Decrease in Zakat by SAR 0.3 million and 9%.
|
| Reclassifications in quarterly financial results |
Comparatives have been reclassified due to the adoption of the International Financial Reporting Standards (IFRS). |
| Other notes |
- Revenues amounted to SAR (294.2) million in current quarter compared with SAR (284.2) million in the same quarter of previous year representing an increase by (3.5%), and compared with SAR (229) million in the previous quarter representing an increase by (28.4%). Revenues amounted to SAR (523.2) million in current period compared with SAR (541.2) million in the same period of previous year representing a decline by (3.3%).
- Comprehensive Income amounted to SAR (46.3) million in current quarter compared with SAR (13.1) million in the same quarter of previous year representing an increase by (253%), and compared with SAR (2.8) million in the previous quarter representing an increase by (1553%). Comprehensive Income amounted to SAR (50.5) million in current period compared with SAR (36.3) million in the same period of previous year representing an increase by (39%).
- Shareholders Equity (excluding minority interest) amounted to SAR (1,589) million as of 30 June 2017 compared with SAR (1502) million as of 30 June 2016, representing an increase by (5.8%). EARNINGS PER SHARE WERE CALCULATED FOR THE PREVIOUS PERIOD ON THE BASIS OF 43,424 THOUSAND SAR.
|