Arriyadh Development Co. announces its Interim Financial Results for the Period Ending on 2021-03-31 ( Three Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 63.1 | 57 | 10.701 | 63.5 | -0.629 |
| Gross Profit (Loss) | 46.3 | 40.3 | 14.888 | 43.5 | 6.436 |
| Operational Profit (Loss) | 41.8 | 35.4 | 18.079 | 34.1 | 22.58 |
| Net Profit (Loss) after Zakat and Tax | 111 | 35.1 | 216.239 | 83.1 | 33.574 |
| Total Comprehensive Income | 117.8 | 29.2 | 303.424 | 85.4 | 37.939 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Share Holders Equity (after Deducting Minority Equity) | 2,099 | 1,978 | 6.117 |
| Profit (Loss) per Share | 0.62 | 0.2 | |
| 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 and the decrease in general and administrative expenses for the current quarter compared to the previous quarter. |
| 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 quarter ended March 31, 2021, amounted to 63,14 million riyals, an increase of 11% compared to sales revenues for the same quarter of last year which amounted to 57,04 million riyals. The company's profits from the associate's business results amounted to 70,27 million riyals for the quarter ending on March 31, 2021. |
Comments