Retal Urban Development Co. announces its Interim Financial Results for the Period Ending on 2022-03-31 ( Three Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	275.16	216.03	27.37	471.97	-41.7
Gross Profit (Loss)	75.5	51.04	47.92	100.35	-24.76
Operational Profit (Loss)	58.06	40.26	44.21	76.6	-24.2
Net Profit (Loss) after Zakat and Tax	63.44	39.26	61.59	73.82	-14.06
Total Comprehensive Income	63.44	39.26	61.59	72.97	-13.06
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Share Holders Equity (after Deducting Minority Equity)	632.35	563.04	12.31
Profit (Loss) per Share	1.59	1.05
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Explanation
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 Company achieved a net profit of SR 63.44m compared to SR 39.26m for the same quarter of last year, where the revenues of first quarter increased by 27.37% compared to same quarter of the last year. The increase was mainly driven by the increase in development contracts revenues and sales of developed lands which significantly contributed to the growth of Company's gross profit by 47.92% compared to Q1 of last year, delivering a gross profit of SR 75.5m compared to SR 51.04m for same quarter of the last year, to register gross profit margin of 27.44% for Q1 of current year compared to 23.63% for Q1 of the last year, which impacted the growth of the Company's net profit by 61.59% compared to same quarter last year.

Element List

Explanation

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 Company achieved a net profit of SR 63.44m compared to SR 39.26m for the same quarter of last year, where the revenues of first quarter increased by 27.37% compared to same quarter of the last year. The increase was mainly driven by the increase in development contracts revenues and sales of developed lands which significantly contributed to the growth of Company's gross profit by 47.92% compared to Q1 of last year, delivering a gross profit of SR 75.5m compared to SR 51.04m for same quarter of the last year, to register gross profit margin of 27.44% for Q1 of current year compared to 23.63% for Q1 of the last year, which impacted the growth of the Company's net profit by 61.59% compared to same quarter last year.

However, with the increase in G&A expenses and S&M expenses the company achieved a net profit margin of 23.06% compared to 18.17% in the same quarter of last year.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 Company achieved a net profit of SR 63.44m compared to SR 73.82m for last quarter, resulting from the increase of revenues in development contracts and sales of developed lands in the previous quarter compared to the current quarter.

However, gross profit margin increased in current quarter to 27.44% compared to 21.26% in previous quarter.Statement of the type of external auditor's report Unmodified conclusionReclassification of Comparison Items Some comparative figures have been reclassified to be consistent with the presentation of the current periodAdditional Information Earnings per share(EPS) had been adjusted after the company’s capital increased from SR 375m to SR 400m, which was approved by the Company’s General Assembly that was held on May 31, 2021G

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.