Arriyadh Development Co. — Earnings Release 2011

Oct 15, 2011

Arriyadh development company announces its financial results for the Third Quarter ending at 30/09/2011((Nin Months).

4150 · 15/10/2011 15:35:10 · Announcement #22851 · View on Saudi Exchange

Arriyadh development company announces its financial results for the Third Quarter ending at 30/09/2011((Nin Months).

1 The company s net profit during the Third quarter was SR32.2 million compared to SR21 million for the same quarter last year with an increase of 53% And compared to SR32.8 million for the last quarter with an decrease of 2%.

2 The company s gross profit during the Third quarter was SR 35 million compared to SR 25.6 Million for the same quarter last year with an increase of 37%.

3 - The company s income from operation during the Third quarter was SR 32.7 Million compared to SR23.2 million for the same quarter last year with an increase of 41%.

4- The company s net profit during the Nin Months was SR93.7 million compared to SR70.3 million for the same Period last year with an increase of 33% .

5 The Earnings per share during Nin Months was SR 0.94 compared to SR 0.70 For the same period last year With an increase of 34%.

6- The company s gross profit during the Nin Months was SR105.7 million compared to SR 81.2 Million for the same Period last year with an increase of 30%.

7- The company s income from operation during the Nin months was SR 96.4 Million compared to SR72.5 million for the same Period last year with an increase of 33%.

8 the reasons for the increase of profits of the Third quarter of 2011 compared to Third quarter last year due to revenue growth in operation& lease sector. the chairman of the company's board disclose that there is a marked improvement in operational efficiency and marketing of all company projects contributed to increased revenues and profits this quarter.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.