4100 · 14/04/2022 16:29:54 · Announcement #67721 · View on Saudi Exchange

Makkah Construction and Development Co. announces its Interim Financial Results for the Period Ending on 30/07/1443H ( Three Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 5523139.1358-5.172
Gross Profit (Loss) 15-3-31-51.612
Operational Profit (Loss) 9-9-27-66.666
Net Profit (Loss) after Zakat and Tax 9-11-728.571
Total Comprehensive Income -311-16193.167-472-34.11
All figures are in (Millions) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Total Share Holders Equity (after Deducting Minority Equity) 3,8724,303-10.016
Profit (Loss) per Share 0.05-0.06
All figures are in (Millions) Saudi Arabia, Riyals
Element ListExplanation
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 achieving a net profit is due to the increase in the revenues of the shops in the mall as a result of the decrease in the exemptions given to the tenants due to the relative reduction of the precautionary measures taken by the government in the central region to confront the Corona virus pandemic, which resulted in a relative increase in the number of shoppers.
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 reason for the increase in net profit is due to the inclusion of the previous quarter’s provision for expected credit losses, as well as provision for zakat differences for previous years.
Statement of the type of external auditor's report Unmodified conclusion
Reclassification of Comparison Items NA

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