The Saudi Public Transport Company (SAPTCO) announces its Interim Financial Results for the Period Ending on 30-09-2022 (Nine Months)

The Saudi Public Transport Company (SAPTCO) announces its Interim Financial Results for the Period Ending on 30-09-2022 (Nine Months)

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

|Sales/Revenue||352,978||221,682||59.23||310,359||13.73|

|Gross Profit (Loss)||80,677||-12,221||-||43,806||84.17|

|Operational Profit (Loss)||33,626||-39,807||-||14,357||134.21|

|Net Profit (Loss) after Zakat and Tax||1,271||-57,095||-||-464||-|

|Total Comprehensive Income||1,271||-57,095||-||-464||-|

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

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

|Sales/Revenue||962,650||679,644||41.64|

|Gross Profit (Loss)||149,865||-35,052||-|

|Operational Profit (Loss)||38,782||-100,079||-|

|Net Profit (Loss) after Zakat and Tax||-1,285||-152,898||-99.16|

|Total Comprehensive Income||-1,285||-152,898||-99.16|

|Total Share Holders Equity (after Deducting Minority Equity)||1,052,121||1,120,987||-6.14|

|Profit (Loss) per Share||0.02||-1.2|

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

|Accumulated Losses||Capital||Percentage %|

|-197,879||1,250,000||-15.83|

|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 increased due to an increase in operations, including the resumption of the Hajj season, which added significantly to the revenue. An increase in operations and revenue is directly proportionate to the cost of revenues, selling and distribution expenses, general and administrative expenses, cost of finance and Zakat. In addition to the recording of a higher amount of impairment on receivables.

2. Increase in financing income.

3. Profitable operations of associated entities.

4. Incremental other income.

5. During the current quarter, higher losses were