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A net profit of SAR707M, let's read between the lines!
Q4 2015: Revenues reached SAR1.081bn vs. SAR946.934M, yoy. Q4 2015 Net profit curtailed to only SAR37.910M due to a provision for impairment amounting to SAR-370M. This provision is related, according to the Group, to the review of the carrying value of certain investment. At the end of 2015: Revenues increased by 2.77% to SAR3.492bn vs. SAR3.398bn, a year ago. Thanks to a decrease in the operating costs, the EBITDA margin grew to 48.9% vs.
Sparkles again and again
KHC posted a 10.97% rise in Q3 2015 net profit to reach SAR669.232M vs. SAR603.071M in the same period in 2014. Meanwhile, Kingdom Holding made a net profit of SAR291.55M in the three months to 30/09/2015, up from SAR265M in the same period a year earlier. By segment, the Equity sector posted the best performance: Q3 2015 revenues up by 235.313% with a net profit increase of 113.426% compared to the same period of 2014.
Glamour days are yet to come
KHC posted a 12.6% rise in Q2 2015 net profit to reach SAR238.3M vs. SAR211.7M in the same period in 2014. Meanwhile, the net profit for the first six months of the year stood at SAR377.7M, an 11.7% rise from SAR338M in H1 2014. The Real Estate sector continues to perform well as the net profit jumped by 86.35% to SAR49.025M, with revenues up by 19.84%. The gross margin grew significantly from 66.46% to 73.4%, profiting from the fall recorded in the general and administrative expenses (-7.04%).
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