Arriyadh Development Co. — Interim / Quarterly Report 2016

Apr 21, 2016

Arriyadh Development Co. announces the interim financial results for the period ending on 31-03-2016 (Three Months)

4150 · 21/04/2016 15:09:00 · Announcement #42335 · View on Saudi Exchange

Arriyadh Development Co. announces the interim financial results for the period ending on 31-03-2016 (Three Months)

Element	Current quarter	Similar quarter for previous year	% Change current	Previous quarter	% Change previous
Net profit (loss)	54.1	71.2	-	84.5	-
Gross profit (loss)	58	77	-	96.6	-
Operational profit (loss)	53.8	72.4	-	85.2	-
Earning or loss per share, Riyals	0.41	0.53	-	-	-
All figures are in (Millions) Saudi Arabia, Riyals

Element	EXPLAINATION
Reasons of increase (decrease) for quarter compared with same quarter last year	Due to decrease in the activity of lands sale in this quarter in spite of improvement in performance of other sectors of the company this quarter compared to the same quarter of the previous year.
Reasons of increase (decrease) for quarter compared with previous quarter	Due to decrease in the activity of lands sale in this quarter compared with the previous quarter.

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.