Abdulmohsen Alhokair Group for Tourism and Development announces the interim financial results for the period ending on 30-06-2016 (Six Months)
ELEMENT | CURRENT QUARTER | SIMILAR QUARTER FOR PREVIOUS YEAR | % CHANGE CURRENT | PREVIOUS QUARTER | % CHANGE PREVIOUS |
Net profit (loss) | 18.8 | 43.1 | -56.38 | 50.2 | -62.55 |
Gross profit (loss) | 82.9 | 97.9 | -15.32 | 106.6 | -22.23 |
Operational profit (loss) | 14.3 | 35.2 | -59.38 | 46.4 | -69.18 |
All figures are in (Millions) Saudi Arabia, Riyals |
ELEMENT | CURRENT PERIOD | SIMILAR PERIOD FOR PREVIOUS YEAR | % CHANGE |
Net profit (loss) | 69 | 100.7 | -31.48 |
Gross profit (loss) | 189.5 | 211.4 | -10.36 |
Operational profit (loss) | 60.7 | 90.5 | -32.93 |
Earning or loss per share, Riyals | 1.25 | 1.83 | - |
All figures are in (Millions) Saudi Arabia, Riyals |
ELEMENT | EXPLAINATION |
Reasons of increase (decrease) for quarter compared with same quarter last year | 1- Seasonality in Companys operation which negatively impacted the revenues and profits of existing hotels and entertainment centers as compared with the similar quarter of previous year. |
Reasons of increase (decrease) for period compared with same period last year | 1- Seasonality in Companys operation which negatively impacted the revenues and profits of existing hotels and entertainment centers as compared with the similar period of previous year. |
Reasons of increase (decrease) for quarter compared with previous quarter | 1- Seasonality in Companys operation which negatively impacted the revenues and profits of hotels and entertainment centers as compared with the previous quarter. |
Other notes | The holy month of Ramadan usually witness decline in companys operation as a result of major decline in the demand from corporate sector on hotels and individuals sector on entertainment. It is worth noting that the negative impact from seasonality in companys operation during the holy month of Ramadan was not remarkable on the quarterly results of 2015 because the major portion of Ramadan was occurred in the third quarter of last year and Eid Al Fitr and Eid Al Adha holidays have occurred in the third quarter as well where demand on hotels and entertainment sector usually increase during Eid Holiday |