In full shambles
Sharply lower top-line growth in Q4 2016:The revenues reached SAR567m vs. SAR1.81bn, yoy. The gross income went sharply down to SAR146.94m vs. SAR555.34m, a year ago. Therefore, the gross margin sustained at 25.21% vs. 51.37%, a year earlier. On the other hand, Q4 2016 Net profit increased smoothly to SAR40.21m.
At the end of 2016, a decreasing trend from top to bottom:
The revenues curtailed by 17.1% to SAR2.894bn 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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