| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 739.17 | 747.73 | -1.144 | 540.52 | 36.751 |
| Gross Profit (Loss) | 317.72 | 331.86 | -4.26 | 117.32 | 170.814 |
| Operational Profit (Loss) | 244.18 | 1,072.39 | -77.23 | 1,419.18 | -82.794 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 116.99 | 945.94 | -87.632 | 1,291.1 | -90.938 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 116.99 | 945.94 | -87.632 | 1,290.87 | -90.937 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 15,979.38 | 14,415.73 | 10.846 |
| Profit (Loss) per Share | 0.1 | 0.8 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | The decline in revenue during the current quarter compared to the same quarter last year is mainly attributable to escalating geopolitical tensions in the region and thereby disruptions in transportation, which resulted in hotel booking cancellations. However, this was compensated by the additional revenue from recoveries through the local and other markets, partial opening of the Rotana hotel and increased occupancies in commercial centers, resulting in a net decrease of only 1%. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | The decline in net profit during the current quarter compared to the same quarter last year by 88% is mainly attributable to several factors, as follows: - A decrease in other operating income by SAR 899 million, as the same quarter last year included exceptional gains from the sale of land. - A reduction in non-recurring gains arising from the fair value measurement of financial instruments amounting to SAR 62 million, which the company had recognized from debt-to-equity swap with Central District Cooling Company. Excluding the impact of the factors mentioned above, the net loss for the same quarter last year would have been SAR (15) million. When compared to the net profit of the current quarter, this reflects a 873% improvement. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The increase in revenue during the current quarter compared to the previous quarter by 37% is mainly attributable to the seasonal impact of the month of Ramadan, which coincided with the current quarter and contributed to a 44% increase in hotel revenues. These results were further supported by the partial opening of the Rotana Hotel. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The decline in net profit during the current quarter compared to the previous quarter by 91% is mainly attributable to the following factors: - A decrease in other operating income by SAR 834 million, as the previous quarter included exceptional gains from the sale of land. - The previous quarter included a reversal of impairment provisions amounting to SAR 498 million, whereas the current quarter recorded an impairment provision of SAR 38 million. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | None |
| Reclassification of Comparison Items | Certain comparative amounts have been reclassified or re-presented during the current year for better presentation. |
| Additional Information | Attached |
| Attached Documents | Attached Documents |
