AI assistant
Makkah Construction and Development Co. — Earnings Release 2021
Mar 1, 2022
53390_rns_2022-03-01_34457c67-13cf-43a7-9917-588221690771.html
Earnings Release
Open in viewerOpens in your device viewer
Makkah Construction and Development Co. announces its Annual Financial Results for the Period Ending on 29/04/1443H
4100 · 01/03/2022 07:56:15 · Announcement #66894 · View on Saudi Exchange
Makkah Construction and Development Co. announces its Annual Financial Results for the Period Ending on 29/04/1443H
| Element List | Current Year | Previous Year | %Change |
|---|---|---|---|
| Sales/Revenue | 160 | 123 | 30.081 |
| Gross Profit (Loss) | 48 | -0.08 | - |
| Operational Profit (Loss) | 28 | -25 | - |
| Net Profit (Loss) after Zakat and Tax | 4 | -59 | - |
| Total Comprehensive Income | -281 | 414 | - |
| Total Share Holders Equity (after Deducting Minority Equity) | 4,183 | 4,463 | -6.273 |
| Profit (Loss) per Share | 0.03 | -0.36 | |
| All figures are in (Millions) Saudi Arabia, Riyals |
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The reason for achieving a net profit is due to the increase in the revenues of the shops in the mall as a result of the decrease in the exemptions given to the tenants due to the relative reduction of the precautionary measures taken by the government in the central region to confront the Corona Virus pandemic, which resulted in a relative increase for shop visitors, as well as a decrease in the calculation of the provision for expected credit losses. |
| Statement of the type of external auditor's report | Unmodified opinion |
| Reclassification of Comparison Items | Certain comparative figures for the previous year have been reclassified to conform to the presentation of the current year figures |
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.