Mubasher TV
Contact Us Advertising   العربية

Makkah Construction and Development Co. announces its Interim Financial Results for the Period Ending on 2023-09-30 ( Nine Months )

MCDC 4100 81.79% 113.80 51.20
Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change
Sales/Revenue 249 133 87.22 208 19.71
Gross Profit (Loss) 90 84 7.14 141 -36.17
Operational Profit (Loss) 70 65 7.69 126 -44.44
Net Profit (Loss) after Zakat and Tax 68 58 17.24 123 -44.72
Total Comprehensive Income -157 -393 -60.05 690 -
All figures are in (Millions) Saudi Arabia, Riyals
Element List Current Period Similar period for previous year %Change
Sales/Revenue 597 341 75.07
Gross Profit (Loss) 340 215 58.14
Operational Profit (Loss) 262 130 101.54
Net Profit (Loss) after Zakat and Tax 256 114 124.56
Total Comprehensive Income 920 -613 -
Total Share Holders Equity (after Deducting Minority Equity) 4,115 3,696 11.34
Profit (Loss) per Share 1.55 0.69
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 increase in net profit during the current quarter compared to the same quarter of the previous year is the increase in revenues and occupancy rates of residential rooms at the Makkah Hotel and Towers Company, to increase the number of guests from visitors and pilgrims, as well as the increase in revenues of the mall.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is The reason for the decrease in net profit during the current quarter compared to the previous quarter of the current year is due to the fact that the previous quarter included twenty-one days of the month of Ramadan and most of the revenues from the Hajj season, in which the occupancy rates of the hotel, towers, and visitors to the mall are higher than in 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 the increase in net profit during the current period compared to the similar period of the previous year is the increase in revenues and occupancy rates of residential rooms in the Makkah Hotel and Towers Company, to increase the number of guests from visitors and pilgrims, as well as the increase in revenues of the mall.
Statement of the type of external auditor's report Unmodified conclusion
Reclassification of Comparison Items Some comparative figures have been reclassified to conform to the classification of figures for the current period.

Comments