Element List Current Period Similar period for previous year %Change
Sales/Revenue 1,573.34 1,474.01 6.738
Gross Profit (Loss) 527.23 511.55 3.065
Operational Profit (Loss) 1,438.99 296.23 385.767
Net profit (Loss) 1,101.73 -151.31 -
Total Comprehensive Income 1,101.73 -151.31 -
Total Shareholders Equity (after Deducting Minority Equity) 14,571.52 12,570.12 15.921
Profit (Loss) per Share 0.93 -0.13
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 increase in revenues during the current quarter compared to the same quarter of the last year is mainly due to the overall improvement in hotels performance, which includes higher occupancy rates and average daily rates, reflecting stronger performance and improved market conditions.
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 reason the company achieved a net profit during the current quarter compared to a net loss in the same quarter of the last year is due to improved occupancy rates, higher average room rates, and the recognition of a gain from the sale of land amounting to SR 553 million.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The decrease in revenue during the current quarter compared to the previous quarter is mainly due to the Hajj season falling in the previous quarter.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is The reason the company achieved a net profit during the current quarter compared to a net loss in the previous quarter, primarily due to a gain on the sale of land worth SR 553 million.
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is The increase in revenues during the current period compared to the same period of the last year is primarily due to improved occupancy rates, higher average room rates, and increased rental rates in commercial centers.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is The reason the company achieved a net profit during the current period compared to a net loss in the same period of the last year, mainly due to a gain from the sale of two plots of land amounting to SR 1.45 billion, as well as a decrease in zakat provisions of SR 67 million following the settlement of prior-period liabilities.
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 prior period figures have been reclassified to conform to current period presentation.
Additional Information -
 

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