Arriyadh Development Co. — Earnings Release 2020

Mar 10, 2021

Arriyadh Development Co. announces its Annual Financial Results for the Period Ending on 2020-12-31

4150 · 10/03/2021 15:49:52 · Announcement #62208 · View on Saudi Exchange

Arriyadh Development Co. announces its Annual Financial Results for the Period Ending on 2020-12-31

Element List	Current Year	Previous Year	%Change
Sales/Revenue	237.7	249.7	-4.805
Gross Profit (Loss)	168.6	184.8	-8.766
Operational Profit (Loss)	146.6	154.8	-5.297
Net Profit (Loss) after Zakat and Tax	227.9	142.9	59.482
Total Comprehensive Income	231	41.9	451.312
Total Share Holders Equity (after Deducting Minority Equity)	1,981	1,928	2.748
Profit (Loss) per Share	1.28	0.8
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the net profit during the current year compared to the last year is	The company’s profits from the results of the associate’s business, despite the impact of two of its operating centers, the Public Transport Center and the International Auto Auction Because of the decisions issued by the competent authorities as part of precautionary measures to limit the spread of the new Corona virus.
Statement of the type of external auditor's report	Unmodified opinion
Reclassification of Comparison Items	It has been reclassification comparative figures compatible with the display tab for the current period.
Additional Information	Effective January 1, 2019, the Company adopted IFRS 16(Leases ),For more information on the impact of this standard please refer to Note No. (3) attached to the financial statements for the year ended december 31,2019.

The capital was increased from 1,333,333,330 riyals to 1,777,777,770 riyals, and the earnings per share were calculated for the current period and the comparison period to reflect the increase in the company capital from 133,333,333 shares to 177,777,777 shares by bonus shares based on the decision of the Extraordinary General Assembly on 02/05/2019.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.