ASharqiyah Development Co. announces the interim financial results for the period ending on 31-03-2019 (Three Months)

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	-	204,475	-100	-	-
Total Profit (Loss)	-141,327	-253,859	-44.328	-227,452	-37.865
Profit (Loss) Operational	-709,723	-1,838,292	-61.392	-1,336,109	-46.881
Net Profit (Loss) after Zakat and Tax	-729,288	-1,860,494	-60.801	-929,603	-21.548
Total Comprehensive Income	-729,288	-1,860,494	-60.801	-929,603	-21.548
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Share Holders Equity (after deducting minority equity)	211,984,782	232,419,054	-8.791
Profit (Loss) per Share	-0.1	-0.48
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Explanation
Reason for increase (decrease) in net profit for current quarter compared to the same quarter of the previous year	The decrease in net losses during this quarter compared to the same quarter in previous year due to the following:

First, reduce the operating expenses after the suspension of agricultural activity, as this activity had achieve operational losses as a result of the reduction of production in preparation for a complete stop in line with the direction of the Ministry of Agriculture.

Second, reducing administrative expenses, which was result of reducing the number of company`s employees . Reason for increase (decrease) in net profit for current quarter compared to the previous quarter The decrease in net loss for the quarter compared to the previous quarter is due to a significant reduction in staff, which was reflected on the reduction of the company's administrative expenses. Type of the external auditor's opinion Unmodified opinion Reclassifications in quarter financial result Certain comparative figures have been reclassified to conform to international financial reports standards Additional Information The Company has adopted standard No. 16 of International Financial Reporting Standards from January 1, 2019, without having any material impact on the Company's results

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