| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 1,223,878,794 | 1,402,306,680 | -12.72 | ||
| Gross Profit (Loss) | 440,067,969 | 356,959,330 | 23.28 | ||
| Operational Profit (Loss) | 341,261,317 | 267,191,508 | 27.72 | ||
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 261,922,760 | 213,554,440 | 22.65 | ||
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 211,275,490 | 304,552,578 | -30.63 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 1,087,569,315 | 876,293,825 | 24.11 | ||
| Profit (Loss) per Share | 0.87 | 0.71 | |||
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | 53,118,142 | 17.71 | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year | Total revenue for the year decreased by 12.7% YoY to SAR 1,223.9 million compared to SAR 1,402.3 million in the previous year, despite a 29% year-on-year (YoY) increase in the number of units sold due to higher contribution from off-plan sales, under which revenue is recognized based on the percentage of project completion. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The Company recorded net profit of SAR 261.9 million for the year, representing an increase of SAR 48.4 million, or 22.6% YoY, compared to the previous year. This increase was mainly driven by the following: • Profit from the sale of lands increased by 39.5% YoY • Rental profit increased by 56.6% YoY. • Other income increased by 42.2% YoY. • Al Majdiah recorded a SAR 53.1 million gain from investment properties valuation compared to a loss of SAR 0.1 million during the previous year. |
| Statement of the type of external auditor's report | Unmodified opinion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | NA |
| Reclassification of Comparison Items | Certain comparative figures have been reclassified to conform with the presentation in the current period. |
| Additional Information | - |
| Attached Documents | Attached Documents |
