Makkah Construction and Development Co. — Interim / Quarterly Report 2021

Aug 2, 2021

Makkah Construction and Development Co. announces its Interim Financial Results for the Period Ending on 29/10/1442H ( Six Months )

4100 · 02/08/2021 15:24:46 · Announcement #64331 · View on Saudi Exchange

Makkah Construction and Development Co. announces its Interim Financial Results for the Period Ending on 29/10/1442H ( Six Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	33	6	450	23	43.478
Gross Profit (Loss)	3	-21	-	-3	-
Operational Profit (Loss)	-3	-27	-88.888	-9	-66.666
Net Profit (Loss) after Zakat and Tax	-4	-25	-84	-11	-63.636
Total Comprehensive Income	548	104	426.923	-161	-
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	56	100	-44
Gross Profit (Loss)	0.3	29	-98.965
Operational Profit (Loss)	-12	15	-
Net Profit (Loss) after Zakat and Tax	-14	15	-
Total Comprehensive Income	387	-279	-
Total Share Holders Equity (after Deducting Minority Equity)	4,850	3,771	28.613
Profit (Loss) per Share	-0.09	0.09
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	The reason for the decrease in the net loss is due to the relative increase in revenues and occupancy rates of residential rooms in Makkah Hotel and Towers, to the increase in the number of visitors and pilgrims, as well as the relative increase in the number of visitors and visitors to the shops in the mall, as a result of the partial lifting of the precautionary measures taken by the government to confront the Corona virus pandemic.
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 reason for the decrease in net loss is due to the relative increase in revenues and occupancy rates of residential rooms in Makkah Hotel and Towers, to an increase in the number of visitors and pilgrims, and also to the relative increase in the number of visitors and visitors to the shops in the mall, as a result of the partial lifting of the precautionary measures taken by the government to confront the Corona virus pandemic, as well as the inclusion of The current quarter of Ramadan, in which the number of visitors and pilgrims is greater than the rest of the months.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	The reason for achieving a net loss is due to a decrease in revenues and occupancy rates of residential rooms in Makkah Hotel and Towers, due to the decrease in the number of visitors and pilgrims, as well as the closure of shops in the mall as a result of the precautionary measures taken by the government to confront the Corona virus pandemic.
Statement of the type of external auditor's report	Unmodified conclusion
Reclassification of Comparison Items	NA

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