| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
|---|---|---|---|---|---|
| Net profit (loss) |
15,931,583
|
1,719,239
|
826.66
|
15,528,710
|
2.59
|
| Gross profit (loss) |
10,723,286
|
6,615,577
|
62.09
|
14,342,365
|
-
|
| Operational profit (loss) |
4,799,754
|
1,076,311
|
345.94
|
7,253,027
|
-
|
| All figures are in Saudi Arabia, Riyals | |||||
| Element | Current period | Similar period for previous year | % Change |
|---|---|---|---|
| Net profit (loss) |
28,972,843
|
-
|
- |
| Gross profit (loss) |
30,416,214
|
14,177,028
|
114.55 |
| Operational profit (loss) |
11,127,626
|
-
|
- |
| Earning or loss per share, Riyals |
0.09
|
-
|
- |
| All figures are in Saudi Arabia, Riyals | |||
| Element | EXPLAINATION |
|---|---|
| Reasons of increase (decrease) for quarter compared with same quarter last year | Increase in the company’s net profit during the current quarter compared to the corresponding quarter of the previous year is due to: Sales and accrlating deliverable of numbers of villas sold on Dar Aljjwar project, which result in increase on net realized profits from sale of land and net shared profits on associate companies , this in addition to decrease on cost of sale & Zakat expenses . |
| Reasons of increase (decrease) for period compared with same period last year | The achievement of the company’s net profit during the current quarter compared to the corresponding quarter of the previous year is due to: Increase in Villas sales revenues of KEC and sales and Accrlating deliverable of numbers of villas sold for AMAAK Co. on Dar Aljjwar project, which result in increase on net realized profits from sale of land and net shared profits on associate companies , this in addition to decrease in marketing & selling expenses . |
| Reasons of increase (decrease) for quarter compared with previous quarter | Increase in the company’s net profit during the current quarter compared to the last quarter of current year is due to: Decrease in general and adminstration expenses & Zakat . |
| Reclassifications in quarterly financial results | Certain figures of previous year have been reclassified to be in line with the current year presentation. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.