4310 · 25/04/2019 09:29:49 · Announcement #54574 · View on Saudi Exchange

Knowledge Economic City announces its interim Financial results for the period ending on 2019-03-31 ( Three Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 82,1357,2591,031.49126,842205.994
Total Profit (Loss) 30,006-911-9,772207.06
Profit (Loss) Operational 19,802-12,649--1,413-
Net Profit (Loss) after Zakat and Tax 19,564-13,483--3,141-
Total Comprehensive Income 19,630-13,483--3,665-
All figures are in (Thousands) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Total Share Holders Equity (after deducting minority equity) 3,124,2923,129,667-0.171
Profit (Loss) per Share 0.058-0.04
All figures are in (Thousands) Saudi Arabia, Riyals
Accumulated LossesCapitalPercentage %
-268,7083,393,000-0.079
Element ListExplanation
Reason for increase (decrease) in net profit for current quarter compared to the same quarter of the previous year The increase in the net profit for the company during the current quarter compared to the corresponding quarter of the previous year is due to increase in revenue from sold residential units and lands
Reason for increase (decrease) in net profit for current quarter compared to the previous quarter The increase in the net profit for the company during the current quarter compared to the previous quarter of the previous year is due to increase in revenue from sold residential units and lands
Type of the external auditor's opinion Unmodified opinion
Reclassifications in quarter financial result some items were reclassified in financial statement for the previous period in line with the presentation of the current quarter
Additional Information The figures used for the comparison of Q1 2019 with previous quarter were based on Q4 2018 unaudited financials , and corresponding quarter of the previous year 2018 unaudited financials .

The Company has adopted International Standards No. (16) The impact of the adoption of these standards and the new accounting policies are disclosed in Note 2 of condensed consolidated interim financial information.

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.