Sales/Revenue

1,043,494

1,040,970

0.242

Gross Profit (Loss)

297,360

275,082

8.098

Operational Profit (Loss)

189,178

182,596

3.604

Net Profit (Loss) after Zakat and Tax

178,619

169,986

5.078

Total Comprehensive Income

175,777

162,758

7.998

Total Share Holders Equity (after Deducting Minority Equity)

1,159,799

1,126,355

2.969

Profit (Loss) per Share

2.51

2.39

All figures are in (Thousands) Saudi Arabia, Riyals

Increase (Decrease) in Net Profit for Current Year Compared to Last Year is Attributed to

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

2- Consistent demand for used vehicles for all types of vehicles with improved market price.

Basis of the External Auditor's Opinion

Unmodified opinion

Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion

None

Reclassification of Comparison Items

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

Additional Information

1-Overall revenue is almost the same; however, the short-term rental revenue has increased, whereas operational lease revenue has declined due to less demand in the operational lease segment. The decline in the operational lease revenue is compensated by the increase in the short rental revenue as a result of improved utilization with a higher short-term rental fleet this year.

2- The increase in total profit for the current year compared to last year is mainly due to higher profit from the vehicles sold as a result of continues change and improved marketing tools to increase the customer base in this segment.

3- The increase in operational profit for the current year compared to the previous year is mainly due to consistent better used car sale demand.