United International Transportation Co. announces its Interim Financial Results for the Period Ending on 2019-09-30 ( Nine Months )
ELEMENT LIST |
CURRENT QUARTER |
SIMILAR QUARTER FOR PREVIOUS YEAR |
%CHANGE |
PREVIOUS QUARTER |
% CHANGE |
Sales/Revenue |
255,644 |
261,967 |
-2.413 |
254,469 |
0.461 |
Gross Profit (Loss) |
77,212 |
71,193 |
8.454 |
73,683 |
4.789 |
Operational Profit (Loss) |
48,645 |
47,122 |
3.232 |
46,256 |
5.164 |
Net Profit (Loss) after Zakat and Tax |
45,243 |
43,112 |
4.942 |
43,477 |
4.061 |
Total Comprehensive Income |
45,243 |
43,112 |
4.942 |
43,477 |
4.061 |
All figures are in (Thousands) Saudi Arabia, Riyals |
ELEMENT LIST |
CURRENT PERIOD |
SIMILAR PERIOD FOR PREVIOUS YEAR |
%CHANGE |
Sales/Revenue |
769,521 |
782,883 |
-1.706 |
Gross Profit (Loss) |
222,434 |
199,827 |
11.313 |
Operational Profit (Loss) |
138,747 |
134,995 |
2.779 |
Net Profit (Loss) after Zakat and Tax |
130,324 |
123,536 |
5.494 |
Total Comprehensive Income |
130,324 |
123,536 |
5.494 |
Total Share Holders Equity (after Deducting Minority Equity) |
1,149,929 |
1,087,133 |
5.776 |
Profit (Loss) per Share |
1.83 |
1.74 |
|
All figures are in (Thousands) Saudi Arabia, Riyals |
CAPITAL |
|
711,666 |
|
All figures are in (Thousands) Saudi Arabia, Riyals |
ELEMENT LIST |
EXPLANATION |
Increase (Decrease) in Net Profit for Current Quarter Compared to the Same Quarter of the Previous Year is Attributed to |
The increase in net profit is mainly due to better utilization of short term rentals along with to increase in the net car sale gain as a result of the improved mode of sales to individual and bulk buyers, along with the type of vehicle mix. |
Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to |
The increase in net profit is mainly due to the increase in net car sales gain. The better gain on sale as a result of consistent better conditions and mix of the vehicles, in addition, to an improved mode of sales to individual and bulk buyers. |
Increase (Decrease) in Net Profit for Current Period Compared to the Similar Period of the Previous Year is Attributed to |
The increase in net profit is mainly due to better utilization of short term rentals along with to increase in the net car sales gain as a result of the improved mode of sales to individual and bulk buyers, along with the type of vehicle mix. |
Basis of the External Auditor's Opinion |
Unmodified opinion |
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) |