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Kingdom Holding Co. announces its Interim Financial Results for the Period Ending on 2022-03-31 ( Three Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 450,045174,888157.333573,737-21.559
Gross Profit (Loss) 250,24663,720292.727362,248-30.918
Operational Profit (Loss) 6,166,838209,5252,843.246744,404728.426
Net Profit (Loss) after Zakat and Tax 5,925,61991,0606,407.378405,4321,361.556
Total Comprehensive Income 3,238,8202,215,74646.172-1,618,507-
All figures are in (Thousands) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Total Share Holders Equity (after Deducting Minority Equity) 33,090,97732,358,3812.264
Profit (Loss) per Share 1.60.02
All figures are in (Thousands) Saudi Arabia, Riyals
Element ListExplanation
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is Reasons of the increase in profit for the quarter compared to the same quarter last year is due to increase in gain on sale of half of the stake of an associate, increase in hotel and other operating revenues, increase in share of result on equity accounted investees, increase in income from gain in investment at FVTPL, increase in dividend income, in addition to increase in gain on sale of investment property. Despite decrease in other gain, increase in Zakat expense, increase in hotel and other operating costs, increase in general, administrative, and marketing expenses, increase in income tax expense, in addition to increase in financial charges.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is Reasons of the increase in profit for the quarter compared to last quarter is due to increase in gain on sale of half of the stake of an associate, decrease in impairment of financial assets, increase in share of result in accounting investees, increase in income from gain in investment at FVTPL, decrease in income tax expense, decrease in financial charges, decrease in General, administrative, and marketing expenses. Decrease in Zakat expense, increase in other gain. In addition to decrease in Hotel and other operating cost. Despite decrease in gain on sale of investment property, decrease in dividend income, in addition to decrease in hotel and other operating revenues.
Statement of the type of external auditor's report Unmodified conclusion
Reclassification of Comparison Items Comparative figures of the same period last year were reclassified to be consistent with current figures

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.

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