Financial Results : Arriyadh Development's net profit jumps 60% to SAR 227.9 mln in 2020

Arriyadh Development's net profit jumps 60% to SAR 227.9 mln in 2020

10/03/2021 Argaam Exclusive

View other reports

Arriyadh Development Co. (ARDCO) reported a net profit after Zakat and tax of SAR 227.9 million in 2020, up 60% compared to a net profit of SAR 142.9 million a year earlier.  

 

The strong performance was spurred by an increase in the company’s profit share from its associates, although two of its operating centers were hit by the COVID-19 precautionary measures.



Financials (M)

Item 2019 2020 Change‬
Revenues 249.70 237.73 (4.8 %)
Gross Income 184.82 168.62 (8.8 %)
Operating Income 154.84 146.58 (5.3 %)
Net Income 142.94 227.93 59.5 %
Average Shares 177.78 177.78 0.0 %
EPS (Riyals) 0.80 1.28 59.5 %

The fourth-quarter net profit after Zakat and tax surged to SAR 83.1 million, compared to a net profit of SAR 9.1 million in Q4 2019.

 

Total shareholders’ equity, excluding minority interest, grew by 2.75% year-on-year to SAR 1.98 billion in 2020.



Current Quarter Comparison (M)

Compared With The
Item Q4 2019 Q4 2020 Change‬
Revenues 62.66 63.54 1.4 %
Gross Income 47.46 43.56 (8.2 %)
Operating Income 27.61 34.10 23.5 %
Net Income 9.16 83.14 808.0 %
Average Shares 177.78 177.78 0.0 %
EPS (Riyals) 0.05 0.47 808.0 %

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.


Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.