Tameer: Profitability and Productivity

The average return on equity ROE  declined because of declines in operating profitability(RNOA) from 18.82 to 8.73 percent by the end of June 2017 as well as operating spread which dropped from 17.27 to 8.64 percent. The declined RNOA is mainly due to a largely drop in revenues on TTM ended 30 June of 2017 by 82.6 percent from 1463.33 to 254.44 million riyals together with the considerable decline in asset turnover.

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