Arriyadh Development Co. — Earnings Release 2012

Oct 16, 2012

Arriyadh Development Company announces its the interim financial results for the Third Quarter ending at 30/09/2012(Nin Months).

4150 · 16/10/2012 18:00:02 · Announcement #27353 · View on Saudi Exchange

Arriyadh Development Company announces its the interim financial results for the Third Quarter ending at 30/09/2012(Nin Months).

1 - The company s net profit during the Third quarter was SR28.7 million compared to SR32.2 million for the same quarter last year with an decrease of 11% compared to SR35.7 million for the last quarter with decrease of 20%.

2-The company s gross profit during the Third quarter was SR 33.4 million compared to SR 35 Million for the same quarter last year with an decrease of 5%.

3 - The company s income from operation during the Third quarter was SR 30 Million compared to SR32.7 million for the same quarter last year with an decrease of 8%.

4- The company s net profit during the Nin Months was SR 157.7 million compared to SR 93.7 million for the same Period last year with an increase of 68%.

5 The Earnings per share during Nin Months was SR 1.58 compared to

SR 0.94 for the same period last year with an increase of 68%.

6- The company s gross profit during the Nin Months was SR 170.5 million compared to SR 105.7 Million for the same Period last year with an increase of 61%.

7- The company s income from operation during the Nin months was SR 158 Million compared to SR 96.4 million for the same Period last year with an increase of 64%.

8 The reasons for the decrease of profits of the Third quarter of 2012 compared to Third quarter last year due to Partial Lower Operating revenues.

9- The reasons for the decrease of profits of the Third quarter of 2012 compared to Second quarter of the same year is the low Operating Revenues And land sales.

10-The reasons for the increase of profit of the nine month Compared to same period last year due to revenue growth in lease & sale of land sectors.

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