Arriyadh Development Co. — Earnings Release 2014

Jan 15, 2015

Arriyadh Development Co. announces the Annual financial results for the period ending on 31-12-2014 (Twelve Months)

4150 · 15/01/2015 16:05:21 · Announcement #36671 · View on Saudi Exchange

Arriyadh Development Co. announces the Annual financial results for the period ending on 31-12-2014 (Twelve Months)

Element	Current quarter	Similar quarter for previous year	% Change current	Previous quarter	% Change previous
Net profit (loss)	53.4	45.3	17.88	37.5	42.4
Gross profit (loss)	43.6	46.5	-	40.5	7.65
Operational profit (loss)	40.4	44.2	-	37.5	7.73
All figures are in (Millions) Saudi Arabia, Riyals

Element	Current period	Similar period for previous year	% Change
Net profit (loss)	189.4	249.7	-
Gross profit (loss)	188.5	262.8	-
Operational profit (loss)	176.1	250.4	-
Earning or loss per share, Riyals	1.53	2.5	-
All figures are in (Millions) Saudi Arabia, Riyals

Element	EXPLAINATION
Reasons of increase (decrease) for quarter compared with same quarter last year	The increase of the company's other revenue despite a decline in the sale of land sector growth compared to the same quarter of the previous year.
Reasons of increase (decrease) for period compared with same period last year	Decrease Activity sell the land sector despite Growth Operating and leasing sectors operating revenues compared to the corresponding period of the previous year.
Reasons of increase (decrease) for quarter compared with previous quarter	Increase in Land sale sector with higher other income compared to the previous quarter of the same year.
Other notes	Earnings per share has been calculated using the weighted average number of shares outstanding as at 31.12.2014 AD To reflect the increasen the company,s Capital from 100.000.000 shares to 133.333.333 shares, which was approved at a meeting of extraordinary General Assembly dated 14/06/1435 AH Corresponding to 14/04/2014 AD. Earnings per share for the same period last year calculated according to the number of shares before the Capital increase (100,000,000) shares.

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