The reason for increase in net income in the current period due to an increase in net operating revenue by 64.39% compared to the similar period of previous year which had a positive impact on gross profit and operating income, In addition to the an increase on investment profit by 51.46% due to selling all shares in two Investment portfolios in Saudi Stock Market, despite the of last year it is included the cost of Zaiti acquisition, in addition to decrease of banking charges, in spite the an increase marketing expenses, an increase on general and administration expenses due to increase on provision of the custom claims and decrease on other revenue.
With consideration to an increase on power energy have reflected negatively on percentage of gross profit.

SASCO - Saudi Automotive Services Co. published this content on 17 January 2017 and is solely responsible for the information contained herein.
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