| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 676.4 | 510.4 | 32.523 | 488.4 | 38.493 |
| Gross Profit (Loss) | 139.5 | 109.9 | 26.933 | 106.3 | 31.232 |
| Operational Profit (Loss) | 95.3 | 72.8 | 30.906 | 59.6 | 59.899 |
| Net profit (Loss) | 65.7 | 44.3 | 48.306 | 72.1 | -8.876 |
| Total Comprehensive Income | 65.7 | 44.3 | 48.306 | 72.1 | -8.876 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 1,731.9 | 1,474.7 | 17.44 |
| Gross Profit (Loss) | 375.9 | 365.8 | 2.761 |
| Operational Profit (Loss) | 252.7 | 262.4 | -3.696 |
| Net profit (Loss) | 211.6 | 186.4 | 13.519 |
| Total Comprehensive Income | 211.6 | 186.4 | 13.519 |
| Total Shareholders Equity (after Deducting Minority Equity) | 911.1 | 754.9 | 20.691 |
| Profit (Loss) per Share | 0.38 | 0.35 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | Revenues reached SAR 676.4 million in the current quarter, which is the highest quarterly revenues since inception, compared to SAR 510.4 million in the same quarter of the previous year, representing a growth of 32.5%. This was mainly driven by the increase of development contracts revenues which grew by 33.5%, as result of achieving higher percentage of completion rates across ongoing projects versus the same quarter of the previous year. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | Net profit reached SAR 65.7 million in the current quarter, compared to SAR 44.3 million, representing a growth of 48.3% compared to the same quarter of the previous year. This was mainly driven by the increase in the gross profit of 26.9% as a result of achieving higher percentage of completion rates across ongoing projects versus the same quarter of the previous year. It is worth mentioning that the Company achieved a growth of 30.9% in the operating profits, despite an increase in SG&A expenses which increased by 19.8%, due to the increase in employee-related expenses, and marketing expenses which is attributed to the Company’s expansion compared to the same quarter of the previous year. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Revenues reached SAR 676.4 million in the current quarter, compared to SAR 488.4 million in the previous quarter, representing a growth of 38.5%. This was mainly driven by the growth of development contracts revenues by 40.1%, as result of achieving higher percentage of completion rates across ongoing projects and the commencement of new projects versus last quarter. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | Net profit reached SAR 65.7 million in the current quarter, compared to SAR 72.1 million, representing a decline of 8.9% compared to last quarter, this was mainly driven by that the Company sold a portion of its units in a real estate fund in the previous quarter which resulted in profits of SAR 32.6 million. It is worth mentioning that the Company achieved a growth of 31.2% in addition to a growth in the operating profits by 59.9% compared to the previous quarter, resulting in an improvement in the operating profit margin which reached 14.1% up from 12.2% in the previous quarter. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | Revenues reached SAR 1,731.9 million in the current period, compared to SAR 1,474.7 million in the same period last year, representing a growth of 17.4%. This was mainly driven by the increase of development contracts revenues which grew by 20.4%, as result of achieving higher percentage of completion rates across ongoing projects and the commencement of new projects versus the same period of the previous year. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | Net profit reached SAR 211.6 million in the current period, compared to SAR 186.4 million, representing an increase of 13.5% compared to last period, this was mainly driven by the increase in the gross profit by 2.8% as a result of achieving higher percentage of completion rates across ongoing projects and the commencement of new projects versus the same period of the previous year and in addition to recognized profits of SAR 32.6 million from partial sale of the Company’s units in a real estate fund compared to same period of the previous year. It is worth mentioning that the current period has witnessed higher general and administrative expenses due to the increase in employee-related expenses and a decrease in the share of results from associates and joint ventures compared to the same period last year. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| 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) | None. |
| Reclassification of Comparison Items | Some comparative figures have been reclassified to conform with the current presentation. |
| Additional Information | For any inquiries, please contact Investor Relations Department at: +966138013803 or by e-mail: IR@retal.com.sa |
