SAPTCO announces the interim financial results

16/04/2013 09:27 AST

Saudi Public Transport Co. (SAPTCO) announces the interim financial results for the period ended March 31, 2013(Three Months ) as follows:

1. The net profit for the quarter ended March 31,2013 was SAR 20.08 Million, compared to SAR 6.72 Million for the same quarter last year, represents an increase of 198.7%, compared to SAR 33.02 Million for the previous quarter represents a decrease of 39.2%.

2. The gross profit for the quarter ended March 31, 2012 amounted to SAR 27.94 Million, compared to the same quarter last year of SAR 10.16 Million for the same quarter last year, this represents an increase of 175%.

3. The operating profit for the quarter ended March 31,2013 amounted to SAR 9.11 Million, compared to SAR 7.08 Million losses for the same quarter last year.

4. The profit per share for the three months period ended March 31,2013 amounted to SAR 0.16 compared to SAR 0.05 for the same period last year.

5. The reason for making net profit during the first quarter ended March 2013,because of the increase in the operating revenue.

6. The reason for decrease in net the net profit during the first quarter compare to the previous quarter due to the previous quarter include Hajj season revenue for 1433H.

7. Some items have been reclassified for comparison purpose.


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