4323 · 13/03/2022 08:45:34 · Announcement #67065 · View on Saudi Exchange

Sumou Real Estate Co. announces its Annual Financial Results for the Period Ending on 2021-12-31

Element ListCurrent YearPrevious Year%Change
Sales/Revenue 103,12897,1586.144
Gross Profit (Loss) 64,79987,275-25.753
Operational Profit (Loss) 53,27580,022-33.424
Net Profit (Loss) after Zakat and Tax 81,20971,38113.768
Total Comprehensive Income 72,20460,68118.989
Total Share Holders Equity (after Deducting Minority Equity) 454,570401,11613.326
Profit (Loss) per Share 2.161.9
All figures are in (Thousands) Saudi Arabia, Riyals
Element ListExplanation
The reason of the increase (decrease) in the net profit during the current year compared to the last year is The current year Company Net Profit increased by 13.77% Compared with prior year Net profit by the following reasons :-

- The company operating revenues for the year 2021 increased up to SR 103 Million , increasing by 6% compared to the operating revenues of prior year.

- During the current year , the company recognized return on investment amounted SR 31.7 Million as share of investment results in associates.

- Early settlement for outstanding loans obtained from one of commercial bank which lead to decreasing financial Cost by 79% compared to Prior Year Financial Cost. Statement of the type of external auditor's report Unmodified opinion Reclassification of Comparison Items Certain comparative figures have been reclassified to conform to the presentation in the current period.

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.