IssuerAnnouncementDetailsV2Portlet
ActionsAddendum Announcement from Bupa Arabia for Cooperative Insurance Co. in regards to the Annual Financial Results for the period ending on 31-12-2019.
Element List | Explanation |
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Introduction | Further to the Announcement of Bupa Arabia on Tadawul on 27-02-2020 in regard to the Annual Financial Results for the period ending on 31-12-2019, the company would like to clarify the method of calculating the earnings per share of the subject fiscal year. |
Date of Posting the Previous Announcement of Development on Tadawul's Website | 2020-02-27 Corresponding to 1441-07-03 |
Change on the Development | Bupa Arabia would like to clarify the method of calculating the earnings per share of the subject fiscal year in the Additional Information Element: Total Insurance Operations Comprehensive Income for the current year is SR 21,093K compared to SR (9,302)K for the last year. Total Shareholders Comprehensive Income for the current year is SR 632,223K compared to SR 413,639K for the last year, an increase of 52.8%. The earnings per share (EPS) for the current year are SR 4.97 per share versus SR 3.70 per share for the last year, by dividing the net income attributed to shareholders after zakat and income tax amount of SR 593,797K over the weighted average number of ordinary outstanding shares 119,548K. Total Shareholder Equity (no minority interest) as at end of current year is SR 3,045 Million versus SR 2,591 Million as at end of last year, an increase of 17.5%. The profits after Zakat and Income Tax for the current year increased to reach SR 593,797K compared to SR 442,623K for the last year, an increase of 34.2%. |
Financial Impact on the change | No financial impact on the change |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.