Makkah Construction and Development Co. announces its Interim Financial results for the Period Ending on 2024-06-30 ( Six Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	350	208	68.269	185	89.189
Gross Profit (Loss)	165	149	10.738	129	27.906
Operational Profit (Loss)	145	126	15.079	112	29.464
Net profit (Loss)	143	123	16.26	113	26.548
Total Comprehensive Income	-185	690	-	576	-
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	536	348	54.022
Gross Profit (Loss)	294	238	23.529
Operational Profit (Loss)	257	192	33.854
Net profit (Loss)	256	187	36.898
Total Comprehensive Income	391	1,077	-63.695
Total Shareholders Equity (after Deducting Minority Equity)	4,235	4,272	-0.866
Profit (Loss) per Share	1.55	1.14
All figures are in (Millions) Saudi Arabia, Riyals

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

Element List	Explanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is	"Revenues increased in Q2-2024 compared to Q2-2023 was driven mainly by:

- Recognizing Hajj services revenue in the current quarter amounting SAR 134 million.

- Increase in the commercial mall rental revenue."The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is "Net profit increased in Q2-2024 compared to Q2-2023 was driven mainly by:

- Increase in the commercial mall rental revenue.

- Recognizing Hajj services revenue."The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is "Revenues increased in Q2-2024 compared to Q1-2024 was driven mainly by:

- Recognizing Hajj services revenue in the current quarter amounting SAR 134 million.

- Increase in hotel's rooms revenue due to the seasonality in Makkah market."The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is "Net profit increased in Q2-2024 compared to Q1-2024 was driven mainly by:

- Increase in hotel's rooms revenue due to the seasonality in Makkah market.

- Recognizing Hajj services revenue."The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is "Revenues increased in the current period compared to the comparative period last year was driven mainly by:

- Recognizing Hajj services revenue in the current period amounting SAR 134 million.

- Increase in hotel's rooms revenue due to the seasonality in Makkah market.

- Increase in the commercial mall rental revenue. "The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is "Net profit increased in the current period compared to the comparative period last year was driven mainly by:

- Increase in hotel's rooms revenue due to the increase in average room rate.

- Increase in the commercial mall rental revenue.

- Recognizing Hajj services revenue.

- Income earned by Murabaha deposit."Statement of the type of external auditor's report Unmodified conclusionComment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) NAReclassification of Comparison Items Certain comparative figures have been reclassified to conform to the current period presentation.Additional Information The Gross profit reported in this announcement for the comparative quarter and period last year have been changed to SAR 149 million and SAR 238 million respectively from SAR 141 million and SAR 221 million respectively as reported on 13 August 2023 as a result of reclassification of part of cost of revenues to Selling, G & A expenses.

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