Arriyadh Development Company announces its Audited financial results

24/02/2013 08:42 AST

Arriyadh Development Company announces its Audited financial results for the year ended at 31/12/2012 :

1- The company s net profit during the Twelve Months was SR 228.9 million Compared to SR 130.2 million for the same Period last year with an increase of 76%.

2 The Earnings per share during Twelve Months was SR 2.29 compared to SR 1.30 for the same period last year.

3- The company s gross profit during the Twelve Months was SR 250.2 million compared to SR 141.9 Million for the same Period last year with an Increase of 76%.

4- The company s income from operation during the Twelve months was SR 234.3 Million compared to SR 129.5 million for the same Period last year With an increase of 81%.

5- The reasons for the increase of profits of the Current Period 2012 Compared to the same Period last year due to increase revenue sector the sale of land.


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