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

ARDCO 4150 -0.30% 19.94 -0.06

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.

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