Sales/Revenue

187,663

254,469

-26.253

276,669

-32.17

Gross Profit (Loss)

45,802

73,683

-37.839

81,704

-43.941

Operational Profit (Loss)

23,559

46,256

-49.068

47,949

-50.866

Net Profit (Loss) after Zakat and Tax

22,582

43,477

-48.059

45,457

-50.322

Total Comprehensive Income

22,575

43,477

-48.075

45,303

-50.168

All figures are in (Thousands) Saudi Arabia, Riyals

Sales/Revenue

464,332

513,877

-9.641

Gross Profit (Loss)

127,506

145,222

-12.199

Operational Profit (Loss)

71,508

90,102

-20.636

Net Profit (Loss) after Zakat and Tax

68,039

85,081

-20.03

Total Comprehensive Income

67,878

85,081

-20.219

Total Share Holders Equity (after Deducting Minority Equity)

1,192,094

1,159,799

2.784

Profit (Loss) per Share

0.96

1.2

All figures are in (Thousands) Saudi Arabia, Riyals

Increase (Decrease) in Net Profit for Current Quarter Compared to the Same Quarter of the Previous Year is Attributed to

The decrease in net profit for current quarter compared to the same quarter of previous year is mainly due to substantial decrease in the short rental revenue as the result of significantly low utilization in short rental due to lock down during the current quarter. Also, during the lock down period, the company was unable to sale all the vehicles due for the sale

Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to

The decrease in net profit for current quarter compared to previous quarter is mainly due to substantial decrease in the short rental revenue as the result of significantly low utilization in short rental due to lock down, during the period. Also, during the lock down period, the company was unable to sale all the vehicles due for the sale.

Increase (Decrease) in Net Profit for Current Period Compared to the Similar Period of the Previous Year is Attributed to

The decrease in net profit for current period compared to similar period of previous year is mainly due to substantial decrease in the short rental revenue in the second quarter 2020, as the result of significantly low utilization in short rental due to lock down during the period, specially the suspension of the commercial activities at all airports.

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

The decrease of all compared figures for current quarter and current period compared to same quarter last year and similar period of previous year and compared to previous quarter is mainly due to no or minimum commercial activities during the current quarter due to lock down and suspension of commercial activities at all the airports which has impacted the short rental hence comprehensive income as well as net profit are significantly low.