Arriyadh Development Co. — Earnings Release 2011

Jul 9, 2011

Arriyadh development company announces its financial results for the Second Quarter ending at30/06/2011((Six Months).

4150 · 09/07/2011 09:11:27 · Announcement #22152 · View on Saudi Exchange

Arriyadh development company announces its financial results for the Second Quarter ending at30/06/2011((Six Months).

a- The company s net profit during the Second quarter was SR32.8 million compared to SR26.4 million for the same quarter last year with an increase of 24% And compared to SR28.6 million for the last quarter with an increase of 15%

b-The company s gross profit during the Second quarter was SR 37 million compared to SR 28.8 Million for the same quarter last year with an increase of 28%

c-The company s income from operation during the Second quarter was SR 34.2 Million compared to SR26.2 million for the same quarter last year with an increase of 31%.

d-The company s net profit during the Six Months was SR61.4 million compared to SR49.3 million for the same Period last year with an increase of 25% .

e- The Earnings per share during Six Months was SR 0.61 compared to SR 0.49 For the same period last year With an increase of 25%.

f- The company s gross profit during the Six Months was SR70.7 million compared to SR 55.6 Million for the same Period last year with an increase of 27%.

g- The company s income from operation during the Six months was SR 63.7 Million compared to SR49.3 million for the same Period last year with an increase of 29%.

h- the reasons for the increase of profits of the Second quarter of 2011 compared to Second 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..

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