Net profit (loss)

149,511

170,135

-12.12

Earning or loss per share, Riyals

2.1

2.39

-

Gross profit (loss)

262,602

279,049

-5.89

Operational profit (loss)

186,633

201,793

-7.51

All figures are in (Thousands) Saudi Arabia, Riyals

Reasons of annual financial results

The decrease of net profit in current period compared to same period last year was mainly due to
1-The decrease of revenue from short rental.
2-decline in net gain on sale of the vehicles during the year as a result of the vehicles mixed sold during the year
3-In addition, the management has decided to make the impairment of SR 14.9 M against the investment in its associate due to status que situation of the associate with no improvement.

Reclassifications in annual financial results

No Translation, see the Arabic version

Other notes

1-The revenue as of 31 December 2017 amounted to SR 1,173 million compared to SR 1,183 million as of 31 December 2016 with decrease of 0.85%. 2-The Total Comprehensive Income as of 31 December 2017 amounted to SR 151.2 million compared to SR 170 million as of 31 December 2016 with decrease of 11%. 3-The shareholders equity (no minatory Interests) as of 31 December 2017 amounted to SR 1070 Million compared to SR 995 Million as of 31 December 2016 with increase of 7.5%. 4- The decrease of Gross profit in current period compared to same period last year was mainly due to the decrease of revenue from short rental. 5- The decrease of Income from operation in current period compared to same period last year was mainly due to the decrease of revenue from short rental. 6- The consolidated financial statements of 2017 are the first annual consolidated financial statement prepared in accordance with IFRS as endorsed in KSA. 7- Earnings per share for the twelve months period ended 31/12/2017, 31/12/2016 have been computed by dividing the net income for the period by 71 million shares (including bonus shares) according to previous approval from EGM dated 19-4-2017