All figures are in (Millions) Saudi Arabia, Riyals
Element List
Current Period
Similar period for previous year
%Change
Sales/Revenue
2,650.93
5,566.17
-52.374
Gross Profit (Loss)
611.57
905.28
-32.444
Operational Profit (Loss)
486.27
779.32
-37.603
Net Profit (Loss) after Zakat and Tax
235.33
476.28
-50.589
Total Comprehensive Income
235.33
476.28
-50.589
Total Share Holders Equity (after Deducting Minority Equity)
18,940.67
18,669.83
1.45
Profit (Loss) per Share
0.22
0.44
All figures are in (Millions) Saudi Arabia, Riyals
Accumulated Losses
Capital
0
10,800,000,000
All figures are in (Millions) Saudi Arabia, Riyals
Element List
Explanation
Increase (Decrease) in Net Profit for Current Quarter Compared to the Same Quarter of the Previous Year is Attributed to
The increase in net income is mainly due to the higher gross margin achieved, attributable to the product mix of the properties offered for sale. The decrease in non-operating income received from deposits were fully off-set with the decrease in operating expenses, finance cost and the increase in lease revenue and positively impacted the net income.
Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to
The increase in net income is mainly due to the higher gross margin achieved, attributable to the product mix of the properties offered for sale. The decrease in non-operating income received from deposits were fully off-set with the decrease in operating expenses, finance cost, the increase in lease revenue and the increase in income from associates and positively impacted the net income.
Increase (Decrease) in Net Profit for Current Period Compared to the Similar Period of the Previous Year is Attributed to
The decrease in net income is mainly due to lower property sale. The decrease in income from associates were fully off-set with the increase in lease revenue, the decrease in finance cost and the increase in non-operating income received from deposits and positively impacted the net income.
Basis of the External Auditor's Opinion
Unmodified opinion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion
None
Reclassification of Comparison Items
None
Additional Information
None
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