United International Transportation Co. announces its interim Financial results for the period ending on 2019-03-31 ( Three Months )
ELEMENT LIST |
CURRENT QUARTER |
SIMILAR QUARTER FOR PREVIOUS YEAR |
%CHANGE |
PREVIOUS QUARTER |
% CHANGE |
Sales/Revenue |
259,408 |
270,232 |
-4.005 |
258,088 |
0.511 |
Total Profit (Loss) |
71,539 |
64,885 |
10.255 |
72,976 |
-1.969 |
Profit (Loss) Operational |
43,846 |
43,366 |
1.106 |
40,373 |
8.602 |
Net Profit (Loss) after Zakat and Tax |
41,604 |
39,593 |
5.079 |
39,222 |
6.073 |
Total Comprehensive Income |
41,604 |
39,593 |
5.079 |
39,222 |
6.073 |
All figures are in (Thousands) Saudi Arabia, Riyals |
ELEMENT LIST |
CURRENT PERIOD |
SIMILAR PERIOD FOR PREVIOUS YEAR |
%CHANGE |
Total Share Holders Equity (after deducting minority equity) |
1,167,959 |
1,126,355 |
3.693 |
Profit (Loss) per Share |
0.58 |
0.56 |
|
All figures are in (Thousands) Saudi Arabia, Riyals |
ACCUMULATED LOSSES |
CAPITAL |
PERCENTAGE % |
|
0 |
711,666 |
0 |
ELEMENT LIST |
EXPLANATION |
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 comparatively lower cost of revenue as a result of better margin in the used car sale price. In addition to decrease of Finance costs due to declining into debts. |
Reason for increase (decrease) in net profit for current quarter compared to the previous quarter |
The increase in net profit is mainly due to better utilization of short rental and sale proceed from used car. |
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) . |