Net income surprisingly falling down
Alhokair Tourism posted a Q4 2015 net profit in decline by -36.5% to SAR31.9M. The operating profit amounted to SAR27.5M, i.e. a drop of -42.2% compared to the same quarter of the previous year. The company posted a sales increase of 10.8%, up to SAR275.59M. Thus, Alhokair closed the year 2015 with an increase of 20.4% in FY 2015 consolidated sales which amounted to SAR1,145.9M. However, the EBIT witnessed a decline of 6.6% to SAR170.9M, setting the operating margin at 14.9% (losing 424 bps compared to 2014).
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