MUBARRAD presents the preliminary financial Results

15/04/2013 14:40 AST

The Saudi Transport and Investment Company- MUBARRAD presents the preliminary financial Results for the period ended in 31/03/2013 (Three Months).

1. The net profit during the first quarter amounted to SAR 343 thousand, compared to the net loss of SAR (236) thousand of the same quarter from the previous year, and compared to the net loss of SAR (99) thousand of the previous quarter.

2. The gross profit during the first quarter amounted to SAR 1.04 million , compared to SAR 951 thousand of the same quarter from the previous year. Thereby an increase of 9.36% on its amount.

3. The operational loss during the first quarter amounted to SAR (906) thousand , compared to the operational loss of SAR (147) thousand of the same quarter from the previous year. Thereby an increase of (516.33%) on its amount.

4. The profit-per-share for the period of three months amounted to SAR 0.02, compared to the loss-per-share of SAR (0.01) of the same period from the previous year.

5. The selling of some obsolete assets and some other revenues resulted to the net profit for the current quarter compared to the same quarter of the previous year, while the decreased operational expenses resulted to an increase in the gross profit. The increased operational loss resulted to an increase in the general and administrative expenditures.

6. The net profit during the current quarter in comparison with the incurred net loss of the previous quarter has been attained due to the increase in the profit for selling some obsolete assets and the increase of some other revenues.

Tadawul