Sales/Revenue

1,040,970

1,173,158

-11.267

Total Profit (Loss)

275,082

262,602

4.752

Profit (Loss) Operational

182,596

186,633

-2.163

Net Profit (Loss) after Zakat and Tax

169,986

149,511

13.694

Total Comprehensive Income

162,758

151,259

7.602

Total Share Holders Equity (after deducting minority equity)

1,126,355

1,070,347

5.232

Profit (Loss) per Share

2.39

2.1

All figures are in (Thousands) Saudi Arabia, Riyals

Reason for increase (decrease) in net profit for current year compared to last year

The increase in net profit is mainly due to:

1-Better operational efficiency which resulted in better utilization of fleet and resulted improved revenue per vehicle.

2-The management has impaired the investment in its associate SR 14.9 M in 2017 no such impairment for the current year.

Type of the external auditor's opinion

Unmodified opinion

External auditor's report containing reservation

None

Reclassifications in annual financial results

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

Additional Information

1-The decrease in revenue for current year compared to last year is mainly due to decrease in rental revenue from both short and long term because of change in the fleet mix but with better utilization of the fleet as corresponding direct expenses also have reduced.

2- The increase in total Profit for current year compared to last year is mainly due to higher profit from the vehicles sold in addition to decrease in cost of revenue as a result of improved utilization.

3- The decrease in operational profit for current year compared to previous year is mainly due to increase in selling and marketing expenses.