| Element | Current year | Previous year | % Change |
|---|---|---|---|
| Net profit (loss) |
15,230,157
|
-11,468,109
|
-
|
| Earning or loss per share, Riyals |
0.05
|
-0.03
|
-
|
| Gross profit (loss) |
59,119,945
|
10,267,900
|
475.77
|
| Operational profit (loss) |
16,265,036
|
-21,674,266
|
-
|
*All figures are in Saudi Arabia, Riyals
| Element | EXPLAINATION |
|---|---|
| Reasons of annual financial results | The reason for the company’s net profit during the current period compared to loss in the corresponding period of the previous year is due to Higher revenue from sale of land plots and Higher income from Murabaha deposits |
| Other notes | Total revenue for current period ending 31 December 2016 is 104.2 million riyal compared to 31 million riyal in the corresponding period of the previous year with an increase of 237%. Total shareholders’ equity (excluding the minority)as of 31 December 2016 is 3,158 million riyal compared to 3,143 million riyal in the corresponding period of the previous year with an increase of 0.48%. |
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