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 reason for the increase in net profit attributable to the shareholders of the company mainly attributed to:
• The increase in gross profit as a result of the increase in revenue for retail and office sectors.
• the increase in the company's share of income of associates.
• Impairment loss on Assets amounting to 20 million in the same quarter of the previous year.
Net profit increased despite the increase in General expenses and Finance cost
|
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 reason for the slightly increase in net profit attributable to the shareholders of the company mainly to the increase in gross profit as a result of the increase in revenue for retail and office sectors, in addition to the decrease of Zakat. |
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is |
The reason for the increase in net profit attributable to the shareholders of the company mainly attributed to:
• The increase in gross profit as a result of the increase in revenue for retail and office sectors.
• Impairment loss on Assets amounting to 20 million in the same period of the previous year.
• the increase in the company's share of income of associates, in addition to the increase of other revenue.
Net profit increased despite the increase in General expenses and Finance cost.
|
Statement of the type of external auditor's report |
Unmodified conclusion |
Reclassification of Comparison Items |
Certain prior period figures have been reclassified to conform with the presentation in the current period |
Additional Information |
Revenue have increased during the current period by 40% amounting to 102.91 million, compared to 73.39 million for the same period of the previous year. This increase mainly as a result of a 38% increase in the retail sector’s revenues as a result of provision for discounts for tenants in 2020, and the office sector, which increased by 88% due to the acquisition of the office building in Riyadh. This is despite the decrease in the revenue of the hospitality sector due to the decrease in the occupancy rates.
As a result, the gross profit increased by 66% to 69.13 million during the current half, compared to 41.55 million during the same half of the previous year.
The Condensed consolidated financial statements for the period ended 30th June 2021 will be available on Al-Andalus Property Website.
As well as the Investor Presentation for the same period will be available on Al-Andalus Property website and application within the Investors relations section under investors presentations.
http://www.alandalus.com.sa
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Attached Documents |
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