Arriyadh Development Co. — Interim / Quarterly Report 2015

Jul 9, 2015

Arriyadh Development Co. announces the interim financial results for the period ending on 30-06-2015 (Six Months)

4150 · 09/07/2015 15:47:29 · Announcement #39162 · View on Saudi Exchange

Arriyadh Development Co. announces the interim financial results for the period ending on 30-06-2015 (Six Months)

Element	Current quarter	Similar quarter for previous year	% Change current	Previous quarter	% Change previous
Net profit (loss)	70.8	47	50.64	71.2	-
Gross profit (loss)	76.8	50	53.6	77	-
Operational profit (loss)	72	47	53.19	72.4	-
All figures are in (Millions) Saudi Arabia, Riyals

Element	Current period	Similar period for previous year	% Change
Net profit (loss)	142	98.5	44.16
Gross profit (loss)	153.7	104.4	47.22
Operational profit (loss)	144.4	98.2	47.05
Earning or loss per share, Riyals	1.06	0.74	-
All figures are in (Millions) Saudi Arabia, Riyals

Element	EXPLAINATION
Reasons of increase (decrease) for quarter compared with same quarter last year	Due to Increase of land sale with an improvement in the performance of other sectors of the company for this quarter compared to the same quarter of the previous year.
Reasons of increase (decrease) for period compared with same period last year	Due to Increase of land sale with an improvement in the performance of OTHER sectors of the company for this Period compared to the same Period of the previous year.
Reasons of increase (decrease) for quarter compared with previous quarter	There is insignificant decrese ,despite of decrese land sales due to increse preformance of other sectors compared to the previous quarter.
Other notes	Re-calculate earnings per share for the first Six months of 2014 to become 0.74 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 04/14/2014 AD.

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