Total Shareholders Equity (after Deducting Minority Equity)
1,112.65
890.68
24.92
Profit (Loss) per Share
8.9
8.49
All figures are in (Millions) Saudi Arabia, Riyals
Element List
Amount
Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value
-
-
All figures are in (Millions) Saudi Arabia, Riyals
Element List
Explanation
The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year
Consumer finance Portfolio of United Company for Financial Services grew by 28.4% vs. last year, which led to an increase in The Company's revenue through the year by 19.1% vs. last year.
The reason of the increase (decrease) in the net profit during the current year compared to the last year is
Consumer finance portfolio of The United Company for Financial Services grew by 28.4% vs. last year. The Portfolio growth came through its shariaa compliant financing solutions, which being offered by The Company, which led to an increase in The Company's revenue by 19.1% vs. last year. However, due to an increase of expected credit loss provisions, and increase of SG&A through the current year, The Company's net profit grew by 4.8% through the year vs. last year, to a total of SAR 222.4m vs. SAR 212.2m for last year.
Statement of the type of external auditor's report
Unmodified opinion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion)
None
Reclassification of Comparison Items
None
Additional Information
-
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