Disappointing results
By the end of June 2016, revenues dropped by 11.38% to SAR1.369bn vs. SAR1.545bn, a year ago. Although a decrease in the operating costs (-9.9%), the EBITDA accused a decrease of 14.15% to SAR610.250m. Therefore, the EBITDA margin went down to 44.55% vs. 45.99%, a year earlier.The operating income also slumped by 13.65% to reach SAR521.493m vs. SAR603.907m, a year ago.
Following the same downward trend, H1 2016 net profit amounted to SAR289.792m vs.
Kingdom Holding Company is engaged in hotel management and operation, general contracting, operation and maintenance, wholesale and retail trading of construction materials, foodstuff, agriculture products and metals for non-construction and petroleum products, trading of transportation equipment, advertising, commercial services, education, medical services, commercial agencies, investment and establishment of other companies.
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