Arriyadh Development Co. — Interim / Quarterly Report 2013

Apr 14, 2013

Arriyadh Development Company announces its the interim financial results for the first Quarter ending at 31/03/2013 (three Months).

4150 · 14/04/2013 09:00:25 · Announcement #30181 · View on Saudi Exchange

Arriyadh Development Company announces its the interim financial results for the first Quarter ending at 31/03/2013 (three Months).

1-The company s net profit during the first quarter was SR115 million compared to SR93.3 million for the same quarter last year with an increase of 23% and compared to SR71.2 million for the last quarter with an increase of 62%

2-The company s gross profit during the first quarter was SR 121.3 million compared to SR 97.1 Million for the same quarter last year with an increase of 25%

3 - The company s income from operation during the first quarter was SR 116 Million compared to SR91 million for the same quarter last year with an increase of 27%

4-The Earnings per share during three months was SR 1.15 compared to

SR 0.93 for the same period last year with an increase of 23%.

5-The reasons for the increase in profit of first quarter 2013 compared to the first quarter for 2012 are mainly due revenue Operating growth and increase revenue sale of land , and also decrease of operation costs.

6 - The main reasons for the increase in profit of first quarter 2013 compared to the Last quarter for 2012 are mainly due to increase revenue sector the sale of land.

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.