Arriyadh Development Co. — Interim / Quarterly Report 2015

Apr 15, 2015

Arriyadh Development Co. announces the interim financial results for the period ending on 31-03-2015 (Three Months)

4150 · 15/04/2015 08:24:19 · Announcement #38113 · View on Saudi Exchange

Arriyadh Development Co. announces the interim financial results for the period ending on 31-03-2015 (Three Months)

Element	Current quarter	Similar quarter for previous year	% Change current	Previous quarter	% Change previous
Net profit (loss)	71.2	51.4	38.52	53.4	33.33
Gross profit (loss)	77	54.4	41.54	43.6	76.61
Operational profit (loss)	72.4	51.2	41.41	40.4	79.21
Earning or loss per share, Riyals	0.53	0.51	-	-	-
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 in the activity of sale of land with an improvement in the performance of the rest of the sectors of the company for the quarter compared to the same quarter of the previous year.
Reasons of increase (decrease) for quarter compared with previous quarter	due to Increase in the activity of sale of land with an improvement in the performance of the rest of the sectors of the company for the quarter compared to the previous quarter.
Other notes	Earning per share has been calculated using the weighted average number of shares outstanding as at 31/03/2015 AD To Reflect the increasen the company,s capital from 100 million shares to 133.333.333 shares,which was approved at a meeting of extraordinary general assembly dated 14/06/1435 AH Corresponding to 14/04/2014 AD.Earnings per share for the same period last year, calculated according to the capital before the increase (100,000,000) shares.

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