Riyadh Development profit down 62% to SAR 75.7 mln in H1 2023; Q2 at SAR 43.3 mln

27/07/2023 Argaam Exclusive

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Riyadh Development Co.’s net profit slumped 62% to SAR 75.7 million in H1 2023 from SAR 196.3 million a year earlier.

Financials (M)

Item	6m 2022	6m 2023	Change‬
Revenues	125.00	138.89	11.1 %
Gross Income	83.37	84.38	1.2 %
Operating Income	56.22	49.03	(12.8 %)
Net Income	196.30	75.66	(61.5 %)
Average Shares	177.78	177.78	-
EPS (Riyals)	1.10	0.43	(61.5 %)

The profit decline was attributed to 86% lower income from Tanal Co. (an associate company) due to the latter’s decision to hold off sales in order to evaluate optimal usage of remaining plots (estimated at 371,000 square meters (sqm), of which 257,000 sqm are owned by Riyadh Development).

This came despite the year-on-year (YoY) increase in average selling price per sqm during the period.

The company also cited an uptick in the costs of revenue due to creating a provision for meat market rent, coupled with costs of the newly-acquired office tower.

Meanwhile, there was a rise in general and administrative expenses due to creating a provision for receivables, in addition to consulting expenses for institutional development and recruitment of a qualified team as per the plan approved by the board.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2022	Q2 2023	Change‬
Revenues	63.90	69.57	8.9 %
Gross Income	43.28	40.09	(7.4 %)
Operating Income	24.01	19.07	(20.6 %)
Net Income	57.40	43.27	(24.6 %)
Average Shares	177.78	177.78	-
EPS (Riyals)	0.32	0.24	(24.6 %)

Item	Q1 2023	Q2 2023	Change‬
Revenues	69.32	69.57	0.4 %
Gross Income	44.29	40.09	(9.5 %)
Operating Income	29.95	19.07	(36.3 %)
Net Income	32.39	43.27	33.6 %
Average Shares	177.78	177.78	-
EPS (Riyals)	0.18	0.24	33.6 %

The company reported a net profit of SAR 43.27 million in Q2 2023, a 24.6% YoY decline.

Sequentially, net profit rose 33.6% from SAR 32.39 million in Q1 2023.

Total shareholders’ equity, no minority interest, stood at SAR 2.22 billion as of June 30, 2023, compared to SAR 2.13 billion a year earlier.

View more financial results

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2014	75.29	(54.9 %)	54.43	(55.1 %)	51.23	(55.7 %)
Q2 2014	66.70	(1.4 %)	50.01	(2.9 %)	47.00	(4.4 %)
Q3 2014	53.06	(10.2 %)	40.53	(7.0 %)	37.46	(9.2 %)
Q4 2014	56.25	(9.5 %)	43.55	(6.2 %)	40.44	(8.5 %)
2014	251.29	(29.4 %)	188.52	(28.3 %)	176.13	(29.7 %)
Q1 2015	100.06	32.9 %	76.97	41.4 %	72.35	41.2 %
Q2 2015	99.63	49.4 %	76.78	53.5 %	72.05	53.3 %
Q3 2015	107.71	103.0 %	83.17	105.2 %	79.66	112.7 %
Q4 2015	117.91	109.6 %	96.57	121.7 %	93.30	130.7 %
2015	425.31	69.3 %	333.48	76.9 %	317.36	80.2 %
Q1 2016	73.13	(26.9 %)	57.99	(24.7 %)	53.82	(25.6 %)
Q2 2016	1,038.58	942.5 %	139.95	82.3 %	135.26	87.7 %
Q3 2016	59.17	(45.1 %)	46.08	(44.6 %)	42.20	(47.0 %)
Q4 2016	64.89	(45.0 %)	53.63	(44.5 %)	47.29	(49.3 %)
2016	1,235.76	190.6 %	297.65	(10.7 %)	278.57	(12.2 %)
Q1 2017	63.27	(13.5 %)	51.06	(12.0 %)	47.78	(11.2 %)
Q2 2017	67.11	(93.5 %)	54.32	(61.2 %)	50.81	(62.4 %)
Q3 2017	60.19	1.7 %	47.72	3.5 %	44.98	6.6 %
Q4 2017	123.52	90.4 %	94.75	76.7 %	91.57	93.6 %
2017	314.09	(74.6 %)	247.85	(16.7 %)	235.14	(15.6 %)
Q1 2018	71.73	13.4 %	54.66	7.0 %	51.26	7.3 %
Q2 2018	74.37	10.8 %	56.79	4.5 %	53.01	4.3 %
Q3 2018	71.04	18.0 %	53.57	12.3 %	50.13	11.5 %
Q4 2018	65.85	(46.7 %)	50.34	(46.9 %)	47.98	(47.6 %)
2018	282.99	(9.9 %)	215.36	(13.1 %)	202.58	(13.8 %)
Q1 2019	61.53	(14.2 %)	45.10	(17.5 %)	41.96	(18.2 %)
Q2 2019	64.30	(13.5 %)	47.63	(16.1 %)	44.52	(16.0 %)
Q3 2019	61.22	(13.8 %)	44.64	(16.7 %)	40.75	(18.7 %)
Q4 2019	62.66	(4.8 %)	47.46	(5.7 %)	27.61	(42.4 %)
2019	249.70	(11.8 %)	184.82	(14.2 %)	154.84	(23.6 %)
Q1 2020	57.04	(7.3 %)	40.29	(10.7 %)	35.40	(15.6 %)
Q2 2020	57.41	(10.7 %)	41.22	(13.5 %)	37.62	(15.5 %)
Q3 2020	59.74	(2.4 %)	43.56	(2.4 %)	39.46	(3.2 %)
Q4 2020	63.54	1.4 %	43.56	(8.2 %)	34.10	23.5 %
2020	237.73	(4.8 %)	168.62	(8.8 %)	146.58	(5.3 %)
Q1 2021	63.14	10.7 %	46.27	14.9 %	41.83	18.1 %
Q2 2021	63.01	9.8 %	45.07	9.4 %	38.30	1.8 %
Q3 2021	61.91	3.6 %	41.49	(4.8 %)	33.44	(15.2 %)
Q4 2021	62.85	(1.1 %)	40.00	(8.2 %)	22.23	(34.8 %)
2021	250.91	5.5 %	172.83	2.5 %	135.79	(7.4 %)
Q1 2022	61.11	(3.2 %)	40.09	(13.4 %)	32.21	(23.0 %)
Q2 2022	63.90	1.4 %	43.28	(4.0 %)	24.01	(37.3 %)
Q3 2022	63.71	2.9 %	40.65	(2.0 %)	21.83	(34.7 %)
Q4 2022	70.19	11.7 %	46.16	15.4 %	29.95	34.7 %
2022	258.90	3.2 %	170.19	(1.5 %)	108.00	(20.5 %)
Q1 2023	69.32	13.4 %	44.29	10.5 %	29.95	(7.0 %)
Q2 2023	69.57	8.9 %	40.09	(7.4 %)	19.07	(20.6 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2013	355.85	2.4 %	262.82	5.0 %	250.38	6.9 %
2014	251.29	(29.4 %)	188.52	(28.3 %)	176.13	(29.7 %)
2015	425.31	69.3 %	333.48	76.9 %	317.36	80.2 %
2016	1,235.76	190.6 %	297.65	(10.7 %)	278.57	(12.2 %)
2017	314.09	(74.6 %)	247.85	(16.7 %)	235.14	(15.6 %)
2018	282.99	(9.9 %)	215.36	(13.1 %)	202.58	(13.8 %)
2019	249.70	(11.8 %)	184.82	(14.2 %)	154.84	(23.6 %)
2020	237.73	(4.8 %)	168.62	(8.8 %)	146.58	(5.3 %)
2021	250.91	5.5 %	172.83	2.5 %	135.79	(7.4 %)
2022	258.90	3.2 %	170.19	(1.5 %)	108.00	(20.5 %)

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2014	51.43	(55.3 %)	0.29	-	51.43	0.29
Q2 2014	47.03	(3.5 %)	0.26	-	47.03	0.26
Q3 2014	37.47	(7.8 %)	0.21	-	37.47	0.21
Q4 2014	53.43	17.9 %	0.30	-	53.43	0.30
2014	189.37	(24.2 %)	1.07	-	189.37	1.07
Q1 2015	71.19	38.4 %	0.40	-	71.19	0.40
Q2 2015	70.80	50.5 %	0.40	-	70.80	0.40
Q3 2015	67.91	81.2 %	0.38	(10.37)	78.29	0.44
Q4 2015	84.52	58.2 %	0.48	(8.09)	92.61	0.52
2015	294.43	55.5 %	1.66	(18.46)	312.89	1.76
Q1 2016	54.15	(23.9 %)	0.30	-	54.15	0.30
Q2 2016	132.80	87.6 %	0.75	-	132.80	0.75
Q3 2016	36.65	(46.0 %)	0.21	-	36.65	0.21
Q4 2016	37.64	(55.5 %)	0.21	-	37.64	0.21
2016	261.23	(11.3 %)	1.47	-	261.23	1.47
Q1 2017	43.29	(20.1 %)	0.24	-	43.29	0.24
Q2 2017	45.95	(65.4 %)	0.26	-	45.95	0.26
Q3 2017	45.64	24.5 %	0.26	-	45.64	0.26
Q4 2017	88.00	133.8 %	0.49	-	88.00	0.49
2017	222.34	(14.9 %)	1.25	-	222.34	1.25
Q1 2018	51.41	18.8 %	0.29	-	51.41	0.29
Q2 2018	53.12	15.6 %	0.30	-	53.12	0.30
Q3 2018	50.82	11.3 %	0.29	-	50.82	0.29
Q4 2018	48.38	(45.0 %)	0.27	-	48.38	0.27
2018	203.93	(8.3 %)	1.15	-	203.93	1.15
Q1 2019	42.84	(16.7 %)	0.24	-	42.84	0.24
Q2 2019	50.04	(5.8 %)	0.28	5.63	44.41	0.25
Q3 2019	40.90	(19.5 %)	0.23	-	40.90	0.23
Q4 2019	9.16	(81.1 %)	0.05	(17.82)	26.98	0.15
2019	142.94	(29.9 %)	0.80	(12.19)	155.13	0.87
Q1 2020	35.14	(18.0 %)	0.20	-	35.14	0.20
Q2 2020	54.56	9.0 %	0.31	-	54.56	0.31
Q3 2020	55.09	34.7 %	0.31	-	55.09	0.31
Q4 2020	83.14	808.0 %	0.47	-	83.14	0.47
2020	227.93	59.5 %	1.28	-	227.93	1.28
Q1 2021	111.03	216.0 %	0.62	-	111.03	0.62
Q2 2021	143.41	162.9 %	0.81	-	143.41	0.81
Q3 2021	70.79	28.5 %	0.40	-	70.79	0.40
Q4 2021	(6.93)	(108.3 %)	(0.04)	(37.27)	30.34	0.17
2021	318.31	39.7 %	1.79	(37.27)	355.58	2.00
Q1 2022	138.91	25.1 %	0.78	-	138.91	0.78
Q2 2022	57.40	(60.0 %)	0.32	-	57.40	0.32
Q3 2022	65.42	(7.6 %)	0.37	-	65.42	0.37
Q4 2022	38.63	657.8 %	0.22	(4.51)	43.14	0.24
2022	300.36	(5.6 %)	1.69	(4.51)	304.87	1.71
Q1 2023	32.39	(76.7 %)	0.18	-	32.39	0.18
Q2 2023	43.27	(24.6 %)	0.24	-	43.27	0.24

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2013	249.69	9.1 %	1.40	-	249.69	1.40
2014	189.37	(24.2 %)	1.07	-	189.37	1.07
2015	294.43	55.5 %	1.66	(18.46)	312.89	1.76
2016	261.23	(11.3 %)	1.47	-	261.23	1.47
2017	222.34	(14.9 %)	1.25	-	222.34	1.25
2018	203.93	(8.3 %)	1.15	-	203.93	1.15
2019	142.94	(29.9 %)	0.80	(12.19)	155.13	0.87
2020	227.93	59.5 %	1.28	-	227.93	1.28
2021	318.31	39.7 %	1.79	(37.27)	355.58	2.00
2022	300.36	(5.6 %)	1.69	(4.51)	304.87	1.71

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2014	74.20 %	77.60 %	70.48 %
Q2 2014	73.89 %	77.25 %	70.09 %
Q3 2014	74.43 %	77.61 %	70.48 %
Q4 2014	75.02 %	77.94 %	75.36 %
2014	75.02 %	77.94 %	75.36 %
Q1 2015	76.46 %	78.60 %	75.76 %
Q2 2015	76.97 %	78.34 %	75.37 %
Q3 2015	77.13 %	78.18 %	75.27 %
Q4 2015	78.41 %	79.29 %	73.57 %
2015	78.41 %	79.29 %	73.57 %
Q1 2016	78.94 %	80.03 %	74.26 %
Q2 2016	28.24 %	28.58 %	26.76 %
Q3 2016	26.43 %	26.75 %	24.54 %
Q4 2016	24.09 %	24.18 %	21.14 %
2016	24.09 %	24.18 %	21.14 %
Q1 2017	23.71 %	23.88 %	20.42 %
Q2 2017	80.60 %	81.97 %	64.27 %
Q3 2017	80.92 %	82.74 %	67.53 %
Q4 2017	78.91 %	83.93 %	70.96 %
2017	78.91 %	83.93 %	70.79 %
Q1 2018	77.95 %	83.49 %	71.62 %
Q2 2018	76.99 %	82.92 %	72.21 %
Q3 2018	76.25 %	82.75 %	71.43 %
Q4 2018	76.10 %	81.81 %	71.99 %
2018	76.10 %	81.88 %	72.06 %
Q1 2019	75.45 %	81.87 %	71.55 %
Q2 2019	74.85 %	82.18 %	70.97 %
Q3 2019	74.22 %	81.66 %	69.80 %
Q4 2019	74.02 %	74.95 %	62.13 %
2019	74.02 %	74.95 %	62.13 %
Q1 2020	73.41 %	73.83 %	60.12 %
Q2 2020	72.84 %	73.33 %	66.12 %
Q3 2020	72.84 %	73.16 %	72.52 %
Q4 2020	70.93 %	77.27 %	95.87 %
2020	70.93 %	77.27 %	95.88 %
Q1 2021	71.61 %	77.87 %	124.60 %
Q2 2021	71.55 %	76.26 %	157.42 %
Q3 2021	70.11 %	73.39 %	162.31 %
Q4 2021	68.88 %	67.87 %	141.71 %
2021	68.88 %	67.87 %	141.71 %
Q1 2022	66.96 %	64.84 %	154.08 %
Q2 2022	66.01 %	59.20 %	119.09 %
Q3 2022	65.20 %	54.46 %	116.11 %
Q4 2022	65.73 %	56.54 %	117.76 %
2022	65.73 %	56.54 %	117.76 %
Q1 2023	65.29 %	54.45 %	74.26 %
Q2 2023	62.76 %	51.95 %	67.53 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2013	73.86 %	75.57 %	70.17 %
2014	75.02 %	77.94 %	75.36 %
2015	78.41 %	79.29 %	73.57 %
2016	24.09 %	24.18 %	21.14 %
2017	78.91 %	83.93 %	70.79 %
2018	76.10 %	81.88 %	72.06 %
2019	74.02 %	74.95 %	62.13 %
2020	70.93 %	77.27 %	95.88 %
2021	68.88 %	67.87 %	141.71 %
2022	65.73 %	56.54 %	117.76 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2014	72.30 %	74.60 %	68.32 %
Q2 2014	74.97 %	77.86 %	70.51 %
Q3 2014	76.39 %	79.90 %	70.63 %
Q4 2014	77.44 %	80.66 %	94.99 %
Q1 2015	76.93 %	77.24 %	71.15 %
Q2 2015	77.06 %	77.29 %	71.06 %
Q3 2015	77.21 %	78.56 %	72.68 %
Q4 2015	81.90 %	83.39 %	78.54 %
Q1 2016	79.30 %	80.51 %	74.04 %
Q2 2016	13.47 %	13.51 %	12.79 %
Q3 2016	77.89 %	79.88 %	61.95 %
Q4 2016	82.65 %	80.68 %	58.01 %
Q1 2017	80.69 %	83.51 %	68.41 %
Q2 2017	80.94 %	83.61 %	68.47 %
Q3 2017	79.28 %	83.20 %	75.83 %
Q4 2017	76.71 %	84.68 %	71.24 %
Q1 2018	76.19 %	81.59 %	71.66 %
Q2 2018	76.37 %	81.07 %	71.43 %
Q3 2018	75.41 %	82.33 %	71.53 %
Q4 2018	76.45 %	82.33 %	73.47 %
Q1 2019	73.31 %	81.80 %	69.64 %
Q2 2019	74.07 %	82.22 %	69.06 %
Q3 2019	72.91 %	80.22 %	66.81 %
Q4 2019	75.74 %	55.60 %	43.06 %
Q1 2020	70.63 %	77.55 %	61.60 %
Q2 2020	71.80 %	81.12 %	95.04 %
Q3 2020	72.91 %	79.75 %	92.22 %
Q4 2020	68.55 %	71.22 %	130.84 %
Q1 2021	73.28 %	79.83 %	175.84 %
Q2 2021	71.53 %	74.45 %	227.60 %
Q3 2021	67.01 %	67.98 %	114.34 %
Q4 2021	63.65 %	49.16 %	48.28 %
Q1 2022	65.60 %	67.88 %	227.32 %
Q2 2022	67.74 %	52.27 %	89.83 %
Q3 2022	63.81 %	49.01 %	102.70 %
Q4 2022	65.77 %	57.39 %	61.46 %
Q1 2023	63.90 %	58.46 %	46.72 %
Q2 2023	57.62 %	42.66 %	62.20 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2014	177.78	1.05	1.05	9.75
Q2 2014	177.78	1.04	1.04	9.16
Q3 2014	177.78	1.02	1.02	9.37
Q4 2014	177.78	1.07	1.07	9.61
Q1 2015	177.78	1.18	1.18	10.02
Q2 2015	177.78	1.31	1.31	9.67
Q3 2015	177.78	1.48	1.54	10.07
Q4 2015	177.78	1.66	1.76	10.56
Q1 2016	177.78	1.56	1.66	10.84
Q2 2016	177.78	1.91	2.01	10.61
Q3 2016	177.78	1.73	1.78	10.42
Q4 2016	177.78	1.47	1.47	10.66
Q1 2017	177.78	1.41	1.41	10.90
Q2 2017	177.78	0.92	0.92	10.47
Q3 2017	177.78	0.97	0.97	10.43
Q4 2017	177.78	1.25	1.25	11.05
Q1 2018	177.78	1.30	1.30	11.29
Q2 2018	177.78	1.34	1.34	10.93
Q3 2018	177.78	1.37	1.37	10.66
Q4 2018	177.78	1.15	1.15	11.63
Q1 2019	177.78	1.10	1.10	11.92
Q2 2019	177.78	1.08	1.05	11.57
Q3 2019	177.78	1.02	0.99	11.39
Q4 2019	177.78	0.80	0.87	10.84
Q1 2020	177.78	0.76	0.83	11.13
Q2 2020	177.78	0.79	0.89	10.93
Q3 2020	177.78	0.87	0.97	11.26
Q4 2020	177.78	1.28	1.28	11.14
Q1 2021	177.78	1.71	1.71	11.81
Q2 2021	177.78	2.21	2.21	11.99
Q3 2021	177.78	2.30	2.30	11.43
Q4 2021	177.78	1.79	2.00	11.37
Q1 2022	177.78	1.95	2.16	12.20
Q2 2022	177.78	1.46	1.67	12.02
Q3 2022	177.78	1.43	1.64	12.14
Q4 2022	177.78	1.69	1.71	12.36
Q1 2023	177.78	1.09	1.12	12.54
Q2 2023	177.78	1.01	1.04	12.54

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2013	177.78	1.40	1.40	9.46
2014	177.78	1.07	1.07	9.61
2015	177.78	1.66	1.76	10.56
2016	177.78	1.47	1.47	10.66
2017	177.78	1.25	1.25	11.05
2018	177.78	1.15	1.15	11.63
2019	177.78	0.80	0.87	10.84
2020	177.78	1.28	1.28	11.14
2021	177.78	1.79	2.00	11.37
2022	177.78	1.69	1.71	12.36

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2014	18.86	18.86	2.02
Q2 2014	16.22	16.22	1.84
Q3 2014	18.16	18.16	1.98
Q4 2014	14.36	14.36	1.59
Q1 2015	13.66	13.66	1.60
Q2 2015	12.21	12.21	1.65
Q3 2015	8.95	8.61	1.32
Q4 2015	8.30	7.81	1.30
Q1 2016	9.84	9.23	1.42
Q2 2016	7.98	7.57	1.44
Q3 2016	8.21	8.00	1.37
Q4 2016	11.61	11.61	1.60
Q1 2017	11.42	11.42	1.48
Q2 2017	16.09	16.09	1.41
Q3 2017	13.98	13.98	1.30
Q4 2017	11.17	11.17	1.27
Q1 2018	11.51	11.51	1.33
Q2 2018	9.98	9.98	1.22
Q3 2018	8.78	8.78	1.13
Q4 2018	11.48	11.48	1.13
Q1 2019	14.35	14.35	1.32
Q2 2019	13.79	14.21	1.29
Q3 2019	14.70	15.17	1.32
Q4 2019	18.66	17.19	1.38
Q1 2020	17.75	16.28	1.21
Q2 2020	18.78	16.65	1.35
Q3 2020	19.33	17.33	1.49
Q4 2020	13.40	13.40	1.54
Q1 2021	12.77	12.77	1.85
Q2 2021	11.08	11.08	2.04
Q3 2021	11.97	11.97	2.41
Q4 2021	14.19	12.70	2.23
Q1 2022	14.20	12.82	2.27
Q2 2022	15.39	13.46	1.87
Q3 2022	14.30	12.48	1.69
Q4 2022	10.70	10.54	1.46
Q1 2023	16.77	16.38	1.46
Q2 2023	19.94	19.46	1.61

Period	P/E	Adjusted P/E	Price/book
2013	11.30	11.30	1.68
2014	14.36	14.36	1.59
2015	8.30	7.81	1.30
2016	11.61	11.61	1.60
2017	11.19	11.19	1.27
2018	11.47	11.47	1.13
2019	18.66	17.19	1.38
2020	13.40	13.40	1.54
2021	14.19	12.70	2.23
2022	10.70	10.54	1.46

Business Segments (Million)

Compared With The

Period	Commercial Centers Sector	Public utility sector	Sale of Land and Contributions Sector	Joint Assets and liabilities
Q1 2014	26.63	24.81	23.84	-
Q2 2014	39.22	15.19	12.28	-
Q3 2014	32.44	20.62	-	-
Q4 2014	30.94	20.51	4.80	-
Q1 2015	32.11	21.23	46.72	-
Q2 2015	37.08	22.28	40.26	-
Q3 2015	32.60	22.25	52.85	-
Q4 2015	34.87	26.60	56.43	-
Q1 2016	34.59	21.99	16.55	-
Q2 2016	40.39	22.56	975.63	-
Q3 2016	36.30	22.86	-	-
Q4 2016	41.57	23.32	-	-
Q1 2017	41.17	22.11	-	-
Q2 2017	44.61	22.51	-	-
Q3 2017	37.50	22.69	-	-
Q4 2017	40.05	47.36	36.11	-
Q1 2018	37.07	34.66	-	-
Q2 2018	39.02	35.34	-	-
Q3 2018	36.02	35.02	-	-
Q4 2018	36.10	29.75	-	-
Q1 2019	36.37	25.16	-	-
Q2 2019	38.40	25.90	-	-
Q3 2019	34.74	26.48	-	-
Q4 2019	36.06	26.60	-	-
Q1 2020	31.10	25.94	-	-
Q2 2020	30.70	26.71	-	-
Q3 2020	30.85	28.89	-	-
Q4 2020	34.11	29.43	-	-
Q1 2021	34.87	28.27	-	-
Q2 2021	33.64	29.37	-	-
Q3 2021	31.40	30.51	-	-
Q4 2021	33.31	29.54	-	-
Q1 2022	31.98	29.12	-	-
Q2 2022	34.99	28.90	-	-
Q3 2022	38.27	25.44	-	-
Q4 2022	40.13	30.06	-	-
Q1 2023	38.19	31.12	-	-
Q2 2023	39.20	30.37	-	-

Period	Commercial Centers Sector	Public utility sector	Sale of Land and Contributions Sector	Joint Assets and liabilities
2013	125.82	76.80	153.22	-
2014	129.23	81.14	40.92	-
2015	136.67	92.36	196.28	-
2016	152.85	90.73	992.18	-
2017	163.32	114.67	36.11	-
2018	148.22	134.77	-	-
2019	145.57	104.13	-	-
2020	126.76	110.97	-	-
2021	133.22	117.69	-	-
2022	145.38	113.52	-	-

Financial Ratios

	Current
Market Cap (M Riyal)	4,835.62
Enterprise Value (EV) (M)	3,808.41
Shares Outstanding ((M))	177.78
EPS ( Riyal) (TTM)	2.00
Book Value (BV) ( Riyal)	13.80
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	14.09
P/E (TTM)	13.58
Price/book	1.97
Return on Average Assets (%) (TTM)	13.0
Return on Average Equity (%) (TTM)	15.2

Arriyadh Development Co. (ARDCO)

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Riyadh Development profit down 62% to SAR 75.7 mln in H1 2023; Q2 at SAR 43.3 mln

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Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million)

Revenue by Business Segment (Latest) 2023 Q2

Financial Ratios

Share Price

Arriyadh Development Co. (ARDCO)

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Riyadh Development profit down 62% to SAR 75.7 mln in H1 2023; Q2 at SAR 43.3 mln

View other reports

Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q2 2023

Revenue by Business Segment (Latest) 2023 Q2

Financial Ratios

Share Price

Arriyadh Development Co. (ARDCO)

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Business Segments (Million)