Arriyadh Development Co. — Earnings Release 2012

Jul 21, 2012

Arriyadh Development Company announces its financial results for the Second Quarter ending at 30/06/2012(Six Months).

4150 · 21/07/2012 09:53:34 · Announcement #26657 · View on Saudi Exchange

Arriyadh Development Company announces its financial results for the Second Quarter ending at 30/06/2012(Six Months).

1 The company s net profit during the Second quarter was SR35.7 million compared to SR32.8 million for the same quarter last year with an increase of 9% compared to SR93.3 million for the last quarter with decrease of 62%.

2 The company s gross profit during the Second quarter was SR 40 million compared to SR 37 Million for the same quarter last year with an increase of 8%.

3 - The company s income from operation during the Second quarter was SR 37 Million compared to SR34.2 million for the same quarter last year with an increase of 8%.

4- The company s net profit during the Six Months was SR 129 million compared to SR 61.4 million for the same Period last year with an increase of 110%.

5 The Earnings per share during Six Months was SR 1.29 compared to

SR 0.61 for the same period last year with an increase of 110%.

6- The company s gross profit during the Six Months was SR 137.1 million compared to SR 70.7 Million for the same Period last year with an increase of 94%.

7- The company s income from operation during the Six months was SR 128 Million compared to SR 63.7 million for the same Period last year with an increase of 101%.

8 The reasons for the increase of profits of the Second quarter of 2012 compared to Second quarter last year due to revenue growth in operation& sale of land sectors. The main reasons of lower second quarter of 2012 compared to first quarter of the same year is the low land sales.

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