Arriyadh Development Co. — Interim / Quarterly Report 2018

Oct 21, 2018

Arriyadh Development Co. announces its interim Financial results for the period ending on 2018-09-30 ( Nine Months )

4150 · 21/10/2018 08:40:51 · Announcement #52319 · View on Saudi Exchange

Arriyadh Development Co. announces its interim Financial results for the period ending on 2018-09-30 ( Nine Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	57.16	60.19	-5.034	60.92	-6.172
Total Profit (Loss)	44.6	47.7	-6.498	48.3	-7.66
Profit (Loss) Operational	41.2	45	-8.444	44.5	-7.415
Net Profit (Loss) after Zakat and Tax	41.9	46.3	-9.503	44.6	-6.053
Total Comprehensive Income	19.17	60.58	-68.355	46.16	-58.47
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	176.8	190.6	-7.24
Total Profit (Loss)	139.5	153.1	-8.883
Profit (Loss) Operational	129.1	143.6	-10.097
Net Profit (Loss) after Zakat and Tax	130	135.5	-4.059
Total Comprehensive Income	117.9	137.1	-14.004
Total Share Holders Equity (after deducting minority equity)	1.895	1.855	2.156
Profit (Loss) per Share	0.98	1.02
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Explanation
Reason for increase (decrease) in net profit for current quarter compared to the same quarter of the previous year	Decrease of net profit during this quarter is due to decrease of operating sector revenue and other income.with no impact on the leasing sector.
Reason for increase (decrease) in net profit for current quarter compared to the previous quarter	Decrease of net profit during this quarter is due to decrease of operating sector revenue and other income.with no impact on the leasing sector.
Reason for increase (decrease) in net profit for current period compared to the similar period of the previous year	Decrease of net profit during this quarter is due decrease operating sector revenue.with no impact on the leasing sector.
Type of the external auditor's opinion	Unmodified opinion
Reclassifications in quarter financial result	Reclassification of comparative figures compatible with the display tab for the current period has been done.
Additional Information	The decrease in comprehensive income during the quarter is an unrealized loss as a result of revaluation priceof the real estate fund which has no impact on the share In the net profit for the period.

The Company has adopted the international financial reporting (IFRS) effective 1 january 2017.

The Company has adopted International Standards No. (9) and (15) as of 1 January 2018.

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.