Arriyadh Development Co. — Earnings Release 2014

Oct 27, 2014

Arriyadh Development Co. announces the interim financial results for the period ending on 30-09-2014 (Nine Months)

4150 · 27/10/2014 16:10:03 · Announcement #35947 · View on Saudi Exchange

Arriyadh Development Co. announces the interim financial results for the period ending on 30-09-2014 (Nine Months)

Element	Current quarter	Similar quarter for previous year	% Change current	Previous quarter	% Change previous
Net profit (loss)	37.5	40.7	-	47.03	-
Gross profit (loss)	40.5	43.6	-	50	-
Operational profit (loss)	37.5	41.2	-	47	-
All figures are in (Millions) Saudi Arabia, Riyals

Element	Current period	Similar period for previous year	% Change
Net profit (loss)	135.9	204.4	-
Gross profit (loss)	145	216.4	-
Operational profit (loss)	135.7	206.2	-
Earning or loss per share, Riyals	1.13	2.04	-
All figures are in (Millions) Saudi Arabia, Riyals

Element	EXPLAINATION
Reasons of increase (decrease) for quarter compared with same quarter last year	Although operating performance for the current quarter improved compared with the same quarter, however, not to sell land in the current quarter.
Reasons of increase (decrease) for period compared with same period last year	A significant increase in the activity of the sale of land for the same period of the previous year,compared with this period .
Reasons of increase (decrease) for quarter compared with previous quarter	Not to sell the land during the current quarter compared with the last qurter.
Other notes	Earnings per share has been calculated using the weighted average number of shares outstanding as at 30.09.2014 AD to reflect the increasen the company's capital from 100 million shares to 133 333 333 shares, which was approved at a meeting ofExtraordinary General Assembly dated 14/06/1435 AH corresponding to 14/04/2014 AD.

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