Arriyadh Development Co. announces its Interim Financial Results for the Period Ending on 2021-06-30 ( Six Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 63 | 57.41 | 9.736 | 63.1 | -0.158 |
| Gross Profit (Loss) | 45.07 | 41.22 | 9.34 | 46.3 | -2.656 |
| Operational Profit (Loss) | 38.3 | 37.62 | 1.807 | 41.8 | -8.373 |
| Net Profit (Loss) after Zakat and Tax | 143.41 | 54.56 | 162.848 | 111 | 29.198 |
| Total Comprehensive Income | 148.87 | 57.1 | 160.718 | 117.8 | 26.375 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 126.15 | 114.45 | 10.222 |
| Gross Profit (Loss) | 91.34 | 81.5 | 12.073 |
| Operational Profit (Loss) | 80.12 | 73 | 9.753 |
| Net Profit (Loss) after Zakat and Tax | 254.44 | 89.7 | 183.656 |
| Total Comprehensive Income | 266.69 | 86.3 | 209.026 |
| Total Share Holders Equity (after Deducting Minority Equity) | 2,132 | 1,943 | 9.727 |
| Profit (Loss) per Share | 1.43 | 0.5 | |
| 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. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period 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. |
| 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 period ended jun 30, 2021, amounted to126,15 million riyals, an increase of 10% compared to sales revenues for the same period of last year which 114,45 million riyals. The company's profits from the associate's business results amounted to 175,94 million riyals for the period ending on jun 30, 2021.an increase of 925% compared to profit for period of last year which amounted to 17,70 million riyals. |
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