Arriyadh Development Co. — Interim / Quarterly Report 2021

Jul 14, 2021

Arriyadh Development Co. announces its Interim Financial Results for the Period Ending on 2021-06-30 ( Six Months )

4150 · 14/07/2021 08:15:46 · Announcement #64153 · View on Saudi Exchange

Arriyadh Development Co. announces its Interim Financial Results for the Period Ending on 2021-06-30 ( Six Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	63	57.41	9.736	63.1	-0.158
Gross Profit (Loss)	45.07	41.22	9.34	46.3	-2.656
Operational Profit (Loss)	38.3	37.62	1.807	41.8	-8.373
Net Profit (Loss) after Zakat and Tax	143.41	54.56	162.848	111	29.198
Total Comprehensive Income	148.87	57.1	160.718	117.8	26.375
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	126.15	114.45	10.222
Gross Profit (Loss)	91.34	81.5	12.073
Operational Profit (Loss)	80.12	73	9.753
Net Profit (Loss) after Zakat and Tax	254.44	89.7	183.656
Total Comprehensive Income	266.69	86.3	209.026
Total Share Holders Equity (after Deducting Minority Equity)	2,132	1,943	9.727
Profit (Loss) per Share	1.43	0.5
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	Increase in the operating and leasing sectors' revenues and the company's profits from the results of the associate's business.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is	The company's profits from the results of the associate's business.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	Increase in the operating and leasing sectors' revenues and the company's profits from the results of the associate's business.
Statement of the type of external auditor's report	Unmodified conclusion
Reclassification of Comparison Items	It has been reclassification comparative figures compatible with the display tab for the current period.
Additional Information	Effective January 1, 2019, the Company adopted IFRS 16(Leases ).

Sales revenues for the period ended jun 30, 2021, amounted to126,15 million riyals, an increase of 10% compared to sales revenues for the same period of last year which 114,45 million riyals.

The company's profits from the associate's business results amounted to 175,94 million riyals for the period ending on jun 30, 2021.an increase of 925% compared to profit for period of last year which amounted to 17,70 million riyals.

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