Retal Urban Development Co. announces its Financial Results for the Year Ending on 2023-12-31 ( 12 Months )

Retal Urban Development Co. announces its Financial Results for the Year Ending on 2023-12-31 ( 12 Months )

|Element List||Current Year||Previous Year||%Change|

|Sales/Revenue||1,367.12||1,106.83||23.52|

|Gross Profit (Loss)||379.28||303.23||25.08|

|Operational Profit (Loss)||245.06||224.3||9.26|

|Net profit (Loss)||202.35||245.74||-17.66|

|Total Comprehensive Income||199.95||245.89||-18.68|

|Total Share Holders Equity (After Deducting the Minority Equity)||742.51||734.41||1.1|

|Profit (Loss) per Share||0.4||0.49|

|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 year compared to the last year|| Retal Company has achieved the highest annual revenues since inception, as revenues for the current period amounted to 1,367 million riyals grew by 23.5% on annual base, driven by the company achieving the highest revenues from development contracts reaching 1,271 million riyals with a growth rate of 83% compared to the previous year, due to the increase in the number of ongoing projects and the increase in the number of units sold and completion rates, this came despite the decline in revenues from sale of real estate units and lands by 84%.

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It is worth noting that the company achieved the highest contractual revenues since inception, with revenues estimated at approximately 1.9 billion riyals

|The reason of the increase (decrease) in the net profit during the current year compared to the