Kingdom Holding Co. announces its Interim Financial Results for the Period Ending on 2021-09-30 ( Nine Months )
November 08, 2021 at 12:48 am EST
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A4280 KINGDOM0.02 (0.19 %) 1443/04/03 Mon Nov 8, 2021 08:24:32
Kingdom Holding Co. announces its Interim Financial Results for the Period Ending on 2021-09-30 ( Nine Months )
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Element List
Current Quarter
Similar quarter for previous year
%Change
Previous Quarter
% Change
Sales/Revenue
338,277
300,369
12.62
421,452
-19.735
Gross Profit (Loss)
154,374
108,649
42.085
297,735
-48.15
Operational Profit (Loss)
245,783
-87,024
-
536,479
-54.185
Net Profit (Loss) after Zakat and Tax
108,688
-192,727
-
412,246
-73.635
Total Comprehensive Income
-209,638
-242,212
-13.448
359,920
-
All figures are in (Thousands) Saudi Arabia, Riyals
Element List
Current Period
Similar period for previous year
%Change
Sales/Revenue
934,617
912,792
2.391
Gross Profit (Loss)
515,829
314,241
64.15
Operational Profit (Loss)
991,787
-979,995
-
Net Profit (Loss) after Zakat and Tax
611,995
-1,369,598
-
Total Comprehensive Income
2,366,029
-3,554,345
-
Total Share Holders Equity (after Deducting Minority Equity)
32,508,664
27,266,840
19.224
Profit (Loss) per Share
0.17
-0.37
All figures are in (Thousands) Saudi Arabia, Riyals
Element List
Explanation
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is
Reasons of the increase in profit for the quarter compared to the same quarter last year is due to increase in share of results from equity-accounted investees, increase in hotels and other operating revenues, increase in other gains, in addition to decrease in hotels and other operating costs, and decrease in zakat expense. Despite the decrease in dividend income, increase in income tax expense, decrease in reversal of impairment of financial assets, and increase in financial charges, in addition to increase in general, administrative and marketing expenses.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is
Reasons of the increase in profit for the quarter compared to last quarter is due to increase in hotels and other operating revenues, decrease in zakat and income tax expense. Despite the decrease in dividend income, decrease in share of results from equity-accounted investees, increase in hotels and other operating costs, increase in general, administrative and marketing expenses, increase in financial charges, and decrease in other gains.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is
Reasons of the increase in profit for the current period compared to the same period last year is due to increase in share of results from equity-accounted investees, decrease in impairment of equity-accounted investees, increase in other gains, decrease in hotels and other operating costs, increase in dividend income, decrease in financial charges, decrease in general, administrative and marketing expenses, decrease in zakat expense, in addition to decrease in reversal of impairment of financial assets. Despite the decrease in hotels and other operating revenues, increase in income tax expense, and decrease in gain on investments at FVTPL
Statement of the type of external auditor's report
Unmodified conclusion
Reclassification of Comparison Items
Comparative figures of the same period last year were reclassified to be consistent with current figures
The Capital Market Authority and the Saudi Stock 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.
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Kingdom Holding Company published this content on 08 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 November 2021 05:47:07 UTC.
Kingdom Holding Company SJSC provides hotel management and operations, commercial services, education, investment and medical services. Its segments include equity investments that include investments in international quoted securities; Domestic and regional that includes investments in securities quoted on the Saudi stock exchange, regional stock exchanges, and investments in associates other than real estate; Private equity that includes investments in private equities, managed funds and other entities existing within the structure of the group; Hotel that includes investments in subsidiaries and associates that are in the business of managing and owning hotel properties and related activities; Real estate that includes investments in activities relating to ownership and development of land and real estate projects. Health care that includes hospital, pharmacy and consulting clinics; and all other segments include operations of kingdom school and other trading activities.