Ladun Investment Co. announces its Annual Financial results for the period ending on 2023-12-31

28 March 2024 04:34 PM

LADUN 9535 87.84% 6.95 3.25

Element List	Current Year	Previous Year	%Change
Sales/Revenue	1,436,019,591	881,179,374	62.97
Gross Profit (Loss)	298,091,219	167,063,206	78.43
Operational Profit (Loss)	153,913,939	77,431,126	98.78
Net profit (Loss)	109,340,966	60,190,210	81.66
Total Comprehensive Income	78,657,774	50,304,640	56.36
Total Share Holders Equity (After Deducting the Minority Equity)	595,653,501	551,995,215	7.91
Profit (Loss) per Share	0.22	0.12
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Amount	Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value	-	-
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year	Group revenues grew (63%) in the year 2023 compared with last year 2022. Revenues’ growth mainly stems from remarkable improvement & expansion in the real estate sector.
The reason of the increase (decrease) in the net profit during the current year compared to the last year is	Net profit grew (82%) in the year 2023 compared to last year 2022. Net profit growth stems from remarkable improvement in the real estate segment where new & ongoing projects enjoy high profit margins. Gross profit & operating profit grew in 2023 grew to (21%) , (11%) from (19%) , (9%) in 2022 respectively.
Statement of the type of external auditor's report	Unmodified opinion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion)	None
Reclassification of Comparison Items	None
Additional Information	-

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