Sales/Revenue

227,651

255,644

-10.949

187,663

21.308

Gross Profit (Loss)

64,650

77,212

-16.269

45,802

41.151

Operational Profit (Loss)

42,396

48,645

-12.846

23,559

79.956

Net Profit (Loss) after Zakat and Tax

40,450

45,243

-10.593

22,582

79.124

Total Comprehensive Income

40,476

45,243

-10.536

22,575

79.295

All figures are in (Thousands) Saudi Arabia, Riyals

Sales/Revenue

691,983

769,521

-10.076

Gross Profit (Loss)

192,156

222,434

-13.612

Operational Profit (Loss)

113,904

138,747

-17.905

Net Profit (Loss) after Zakat and Tax

108,489

130,324

-16.754

Total Comprehensive Income

108,354

130,324

-16.857

Total Share Holders Equity (after Deducting Minority Equity)

1,196,986

1,149,929

4.092

Profit (Loss) per Share

1.52

1.83

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 (less number of cars on rent) , low demand for short rental due to the current pandemic, covid-19.

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

The increase in net profit for current quarter compared to previous quarter is mainly due to slight improvement in the short rental revenue with comparatively better utilization (more number of cars on rent) after lifting of the lockdown. Also, during the current quarter, the company has sold more number of used vehicles, hence more net gain of used car too.

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 and third quarter 2020, because of significantly low utilization (less number of cars on rent) during the period starting from Covid -19 (from middle of March 2020).

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 and similar period of previous year is mainly due to comparatively low commercial activities because of COVID -19, which has significantly impacted the short rental hence comprehensive income as well as net profit are low.