The Saudi Public Transport Company (SAPTCO) announces its Interim Financial Results for the Period Ending on 2023-06-30 (Six Months)

The Saudi Public Transport Company (SAPTCO) announces its Interim Financial Results for the Period Ending on 2023-06-30 (Six Months)

|Element List||Current Quarter||Similar quarter for previous year||%Change||Previous Quarter||% Change|

|Sales/Revenue||457,898||310,359||47.54||307,668||48.83|

|Gross Profit (Loss)||121,960||43,806||178.41||10,203||1,095.33|

|Operational Profit (Loss)||70,462||14,357||390.78||-27,072||-|

|Net Profit (Loss) after Zakat and Tax||58,542||-464||-||-47,397||-|

|Total Comprehensive Income||58,542||-464||-||-47,397||-|

|All figures are in (Thousands) Saudi Arabia, Riyals|

|Element List||Current Period||Similar period for previous year||%Change|

|Sales/Revenue||765,566||609,672||25.57|

|Gross Profit (Loss)||132,163||69,188||91.02|

|Operational Profit (Loss)||43,390||5,156||741.54|

|Net Profit (Loss) after Zakat and Tax||11,145||-2,557||-|

|Total Comprehensive Income||11,145||-2,557||-|

|Total Share Holders Equity (after Deducting Minority Equity)||961,133||1,048,086||-8.3|

|Profit (Loss) per Share||0.13||-0.01|

|All figures are in (Thousands) Saudi Arabia, Riyals|

|Accumulated Losses||Capital||Percentage %|

|-288,867||1,250,000||-23.11|

|All figures are in (Thousands) Saudi Arabia, Riyals|

|Element List||Explanation|

|The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is|| The reason for the profit during the current quarter compared to the loss in the same quarter of the previous year is due to:

|

1. Revenue is increased due to during Hajj season which added significantly to the revenue. Increase in operations and revenue is directly proportionate to the cost of revenues, selling and distribution expenses, general and administrative expenses. In addition, increased cost of finance and recognition of loss in associated entity. Few other factors included:

2. Recognition of higher Impairment of receivable in the same quarter of previous year.

3. Incremental other income during the current quarter.

|The reason of the increase (decrease) in the net