Sales/Revenue

261,967

282,989

-7.428

250,684

4.5

Total Profit (Loss)

71,193

64,838

9.801

63,749

11.677

Profit (Loss) Operational

47,122

47,447

-0.684

44,507

5.875

Net Profit (Loss) after Zakat and Tax

43,112

42,808

0.71

40,831

5.586

Total Comprehensive Income

43,112

42,808

0.71

40,831

5.586

All figures are in (Thousands) Saudi Arabia, Riyals

Sales/Revenue

782,883

863,315

-9.316

Total Profit (Loss)

199,827

194,795

2.583

Profit (Loss) Operational

134,995

143,527

-5.944

Net Profit (Loss) after Zakat and Tax

123,536

127,940

-3.442

Total Comprehensive Income

123,536

127,940

-3.442

Total Share Holders Equity (after deducting minority equity)

1,087,133

1,070,347

1.568

Profit (Loss) per Share

1.74

1.8

All figures are in (Thousands) Saudi Arabia, Riyals

0

711,666

0

Reason for increase (decrease) in net profit for current quarter compared to the same quarter of the previous year

The increase in net profit is mainly due to higher profit from the vehicles sold as a result of more vehicles sold during the current quarter compared to same quarter last year

Reason for increase (decrease) in net profit for current quarter compared to the previous quarter

The increase in net profit is mainly due to marginal increase in short rental revenue and due to higher gain on sale as a result of more vehicles being sold during the current quarter compared to previous quarter.

Reason for increase (decrease) in net profit for current period compared to the similar period of the previous year

The decrease in net Profit is mainly due to decrease in short rental as well as long rental revenue in addition to increase in selling and Marketing expense along with increase in General and administrative expenses too.

Type of the external auditor's opinion

Unmodified opinion

External auditor's report containing reservation

None

Reclassifications in quarter financial result

Certain comparative figures have been reclassified to conform to the current period's presentation according to International Financial Reporting Standards (IFRS) .

Additional Information

The decrease in revenue for current quarter compared to same quarter last year is mainly due to decrease in rental revenue from both short and long term.

2- The increase in total Profit for current quarter compared to same quarter last year is mainly due to higher profit from the vehicles sold as a result of more vehicles sold during the current quarter compared to same quarter last year.

3- The increase in total Profit for current quarter compared to previous quarter is mainly due to marginal increase in short rental revenue and due to higher gain on sale as a result of more vehicles being sold during the current quarter compared to previous quarter.

4- The decrease in revenue for current period compared to same period last year is mainly due to decrease in rental revenue from both short and long term.