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News Details

Al Hammadi Company for Development and Investment announces its interim Financial results for the period ending on 2019-03-31 ( Three Months )

ELEMENT LIST CURRENT QUARTER SIMILAR QUARTER FOR PREVIOUS YEAR %CHANGE PREVIOUS QUARTER % CHANGE
Sales/Revenue 229.68 220.67 4.083 228.04 0.719
Total Profit (Loss) 65.6 66.84 -1.855 59.57 10.122
Profit (Loss) Operational 36.76 39.96 -8.008 31.6 16.329
Net Profit (Loss) after Zakat and Tax 24.17 30.88 -21.729 17.7 36.553
Total Comprehensive Income 25.74 30.82 -16.482 20.35 26.486
All figures are in (Millions) Saudi Arabia, Riyals
ELEMENT LIST CURRENT PERIOD SIMILAR PERIOD FOR PREVIOUS YEAR %CHANGE
Total Share Holders Equity (after deducting minority equity) 1,504.34 1,416.37 6.21
Profit (Loss) per Share 0.2 0.26
All figures are in (Millions) Saudi Arabia, Riyals
ELEMENT LIST EXPLANATION
Reason for increase (decrease) in net profit for current quarter compared to the same quarter of the previous year The net profit decreased in current quarter compared with the same quarter last year due to the increase in operating expenses and depreciation expense related to Nuzha hospital opened in February 13, 2018 in addition to increase in finance costs related to financing the operations of the company and its subsidiary
Reason for increase (decrease) in net profit for current quarter compared to the previous quarter The net profit increased for the current quarter compared with previous quarter due to the increase in generated revenues from Nuzha hospital and other operating revenues
Type of the external auditor's opinion Unmodified opinion
Additional Information Starting the 1st of January 2019, the company has adopted IFRS (16) “Rent Contracts”. For more information regarding the impact of adoption of IFRS 16, refer to note 4 (Summary of Significant Accounting Policies) attached to the condensed consolidated financial statements for the quarter ended March 31, 2019