Arriyadh Development Company announces its interim financial results

14/04/2013 13:50 AST

1-The company s net profit during the first quarter was SR115 million compared to SR93.3 million for the same quarter last year with an increase of 23% and compared to SR71.2 million for the last quarter with an increase of 62%

2-The company s gross profit during the first quarter was SR 121.3 million compared to SR 97.1 Million for the same quarter last year with an increase of 25%

3 - The company s income from operation during the first quarter was SR 116 Million compared to SR91 million for the same quarter last year with an increase of 27%

4-The Earnings per share during three months was SR 1.15 compared to SR 0.93 for the same period last year with an increase of 23%.

5-The reasons for the increase in profit of first quarter 2013 compared to the first quarter for 2012 are mainly due revenue Operating growth and increase revenue sale of land , and also decrease of operation costs.

6 - The main reasons for the increase in profit of first quarter 2013 compared to the Last quarter for 2012 are mainly due to increase revenue sector the sale of land.


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