Arriyadh Development Co. — Earnings Release 2011

Jan 18, 2012

Arriyadh development company announces its Audited Financial results for the Year ended 31/12/2011..

4150 · 18/01/2012 16:20:44 · Announcement #23725 · View on Saudi Exchange

Arriyadh development company announces its Audited Financial results for the Year ended 31/12/2011..

1 The company s net profit during the Fourth quarter was SR36.5 million compared to SR25.9 million for the same quarter last year with an increase of 41 % And compared to SR32.2 million for the last quarter with an Increase of 13 %.

2 The company s gross profit during the Fourth quarter was SR 36.2 million compared to SR 30.2 Million for the same quarter last year with an increase of 20 %.

3 - The company s income from operation during the Fourth quarter was SR 33.2 Million compared to SR26.5 million for the same quarter last year with an increase of 25 %.

4- The company s net profit during the Twelve Months was SR 130.2 million compared to SR96.6 million for the same Period last year with an increase of 35 % .

5 The Earnings per share during Twelve Months was SR 1.30 compared to SR 0.97 For the same period last year With an increase of 34%.

6- The company s gross profit during the Twelve Months was SR142 million compared to SR 111.60 Million for the same Period last year with an increase of 27 %.

7- The company s income from operation during the Twelve months was SR 129.5 Million compared to SR99.30 million for the same Period last year with an increase of 30 %.

8 the reasons for the increase of profits of fourth quarter and of the Twelve months of 2011 compared to The Same Period 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 period..

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