Arriyadh Development Co. — Earnings Release 2016

Jan 15, 2017

Arriyadh Development Co. announces the annual consolidated financial results for the period ending on 31-12-2016 (Twelve Months)

4150 · 15/01/2017 09:04:18 · Announcement #45040 · View on Saudi Exchange

Arriyadh Development Co. announces the annual consolidated financial results for the period ending on 31-12-2016 (Twelve Months)

Element	Current quarter	Similar quarter for previous year	% Change current	Previous quarter	% Change previous
Net profit (loss)	37.7	84.5	-	37.1	1.62
Gross profit (loss)	53.63	96.6	-	46.1	16.33
Operational profit (loss)	47	93.3	-	35.5	32.39
All figures are in (Millions) Saudi Arabia, Riyals

Element	Current period	Similar period for previous year	% Change
Net profit (loss)	261.8	294.4	-
Gross profit (loss)	297.65	333.5	-
Operational profit (loss)	278	317.36	-
Earning or loss per share, Riyals	1.96	2.21	-
All figures are in (Millions) Saudi Arabia, Riyals

Element	EXPLAINATION
Reasons of increase (decrease) for quarter compared with same quarter last year	Due to significant growth the sale of lands in the same quarter of the previous year.
Reasons of increase (decrease) for period compared with same period last year	Due to low the sale of developers lands during the currant year compared with the previous year.
Reasons of increase (decrease) for quarter compared with previous quarter	Due to improvement in preformance of sectors of leasing and operating during the current quarter compared to previous quarter.
Reclassifications in quarterly financial results	It has been reclassification comparative figures compatible with the display tab for the current period.
Other notes	revenue for the quarter ended december 31, amounted to 2016 million riyals 64.89 decrease equivalent to 45% compared to sales revenues for the same quarter of the year Past, which totaled 117.910 million riyals, revenue for the period ended at december 31, 2016 amounted to 1,236 million rise The equivalent of 191% compared to revenues for the same period last year, which totaled 425.3 million Total shareholders' equity (after minority rights) exclusion as at 31 december 2016 1,895 million riyals compared to shareholders' equity of 1,878 million as at 31 december 2015, an increase of 0.89%

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