Financial Results : Arriyadh Development net profit rises twofold to SAR 111 mln in Q1 2021

Arriyadh Development net profit rises twofold to SAR 111 mln in Q1 2021

05/05/2021 Argaam Exclusive

View other reports

Arriyadh Development Co. (ARDCO) reported a net profit after Zakat and tax of SAR 111 million for the first quarter of 2021, an increase of over twofold from SAR 35.1 million in the year-ago period.



Current Quarter Comparison (M)

Compared With The
Item Q1 2020 Q1 2021 Change‬
Revenues 57.04 63.14 10.7 %
Gross Income 40.29 46.27 14.9 %
Operating Income 35.40 41.83 18.1 %
Net Income 35.14 111.03 216.0 %
Average Shares 177.78 177.78 -
EPS (Riyals) 0.20 0.62 216.0 %

The positive performance was driven by an increase in the operating and leasing segment revenues and the company's higher profit share from associates.

When compared to Q4 2020, the company’s net profit after Zakat and tax jumped by 33.6% from SAR 83.1 million, backed by the company's higher profit share from associates, along with a decline in general and administrative expenses.

 

Shareholders’ equity, excluding minority interest, rose 6% to SAR 2.099 billion by the end of Q1 2021, compared to SAR 1.978 billion in the year-ago period.

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.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
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.