| ELEMENT LIST | CURRENT QUARTER | SIMILAR QUARTER FOR PREVIOUS YEAR | %CHANGE | PREVIOUS QUARTER | % CHANGE |
|---|---|---|---|---|---|
| Sales/Revenue | 55.44 | 36.98 | 49.918 | 52.36 | 5.882 |
| Gross Profit (Loss) | 37.43 | 17.02 | 119.917 | 35.52 | 5.377 |
| Operational Profit (Loss) | 33.32 | 11.74 | 183.816 | 31.92 | 4.385 |
| Net Profit (Loss) after Zakat and Tax | 19.37 | 3.13 | 518.849 | 19.23 | 0.728 |
| Total Comprehensive Income | 19.37 | 3.13 | 518.849 | 19.23 | 0.728 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| ELEMENT LIST | CURRENT PERIOD | SIMILAR PERIOD FOR PREVIOUS YEAR | %CHANGE |
|---|---|---|---|
| Sales/Revenue | 158.34 | 110.37 | 43.462 |
| Gross Profit (Loss) | 106.56 | 58.57 | 81.936 |
| Operational Profit (Loss) | 98.03 | 31.08 | 215.411 |
| Net Profit (Loss) after Zakat and Tax | 57.55 | 8.89 | 547.356 |
| Total Comprehensive Income | 57.55 | 8.89 | 547.356 |
| Total Share Holders Equity (after Deducting Minority Equity) | 1,075.73 | 1,047.97 | 2.648 |
| Profit (Loss) per Share | 0.62 | 0.1 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| ELEMENT LIST | EXPLANATION |
|---|---|
| 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 as well as the decrease of cost of revenue of hospitality sector. • the increase in the company's share of income of associates. • Impairment loss on Assets in the same quarter of the previous year. Net profit increased despite the increase in general expenses. |
| 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 operating profit as a result of the increase in revenue for retail sector, despite the increase of Zakat compared to previous quarter. |
| 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 21.5 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 43% amounting to 158.3 million, compared to 110.4 million for the same period of the previous year. This increase mainly as a result of a 41% 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 70% due to the acquisition of the office building in Riyadh.
As a result, the gross profit increased by 82% to 106.6 million during the current half, compared to 58.6 million during the same half of the previous year.
On 25 August 2021, the extraordinary general meeting approved to increase the share capital from SR 700 million to 933.3 million through the issuance of bonus shares at the rate of one share for every three shares, using retained earnings and statutory reserves. Basic and diluted earnings per share is calculated by dividing the profit for the period attributable to the shareholders of the company by the weighted average number of ordinary shares outstanding during the period, Accordingly, the earnings per share for the comparative period were adjusted by adjusting the weighted average number of ordinary shares. For more information, please refer to Note No. 1 and 12 in the interim financial statements for the third quarter of 2021.
The Condensed consolidated financial statements for the period ended 30th September 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 |
| Attached Documents |  |
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