Arriyadh Development Co. — Earnings Release 2015

Jan 17, 2016

Arriyadh Development Co. announces its annual consolidated financial results for the period ended on 31 December 2015 (Twelve Months)

4150 · 17/01/2016 15:34:38 · Announcement #40776 · View on Saudi Exchange

Arriyadh Development Co. announces its annual consolidated financial results for the period ended on 31 December 2015 (Twelve Months)

Element	Current quarter	Similar quarter for previous year	% Change current	Previous quarter	% Change previous
Net profit (loss)	84.5	53.4	58.24	67.9	24.45
Gross profit (loss)	96.6	43.6	121.56	83.2	16.11
Operational profit (loss)	85.2	40.4	110.89	69.3	22.94
All figures are in (Millions) Saudi Arabia, Riyals

Element	Current period	Similar period for previous year	% Change
Net profit (loss)	294.4	189.4	55.44
Gross profit (loss)	333.5	188.5	76.92
Operational profit (loss)	298.9	176.1	69.73
Earning or loss per share, Riyals	2.21	1.42	-
All figures are in (Millions) Saudi Arabia, Riyals

Element	EXPLAINATION
Reasons of increase (decrease) for quarter compared with same quarter last year	increase in land sale sector with a growth in Revenues of operating and leasing sectors when compared to the same quarter of the previous year.
Reasons of increase (decrease) for period compared with same period last year	increase in land sale sector with a growth in Revenues of operating and leasing sectors when 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 a growth in Revenues of operating and leasing sectors when compared of the previous quarter of the same year.
Other notes	Re-calculate earning per share for 2014 AD to become 1.42 riyals so as to reflect the increase in the share capital of 100 million shares to 133.333.333 shares, which was approved at the extraordinary general assembly meeting on 14/06/1435 H corresponding to 14/04/2014 AD.

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