Arriyadh Development Co. — Interim / Quarterly Report 2014

Jul 14, 2014

Arriyadh Development Co. announces the interim financial results for the period ending on 30-06-2014 (Six Months)

4150 · 14/07/2014 15:58:39 · Announcement #35092 · View on Saudi Exchange

Arriyadh Development Co. announces the interim financial results for the period ending on 30-06-2014 (Six Months)

Element	Current quarter	Similar quarter for previous year	% Change current	Previous quarter	% Change previous
Net profit (loss)	47.03	48.7	-	51.43	-
Gross profit (loss)	50	51.52	-	54.4	-
Operational profit (loss)	47	49.18	-	51.2	-
All figures are in (Millions) Saudi Arabia, Riyals

Element	Current period	Similar period for previous year	% Change
Net profit (loss)	98.46	163.7	-
Gross profit (loss)	104.4	172.8	-
Operational profit (loss)	98.2	164.9	-
Earning or loss per share, Riyals	0.86	1.64	-
All figures are in (Millions) Saudi Arabia, Riyals

Element	EXPLAINATION
Reasons of increase (decrease) for quarter compared with same quarter last year	An increase in the activity of sale of land for the same quarter of the year compared with the quarter.
Reasons of increase (decrease) for period compared with same period last year	A marked increase in the activity of sale of land for the same period of the previous year, compared with the period.
Reasons of increase (decrease) for quarter compared with previous quarter	An increase in the activity of sale of land for the previous quarter, compared with the quarter.
Other notes	Earnings per share has been calculated using the weighted average number of shares outstanding as at 30.06.2014 AD to reflect the increasen the company's capital from 100 million shares to 133 333 333 shares, which was approved at a meeting ofExtraordinary General Assembly dated 14/06/1435 AH corresponding to 14/04/2014 AD.

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.