Saudi Real Estate Co. announces its Interim Financial Results for the Period Ending on 2022-03-31 ( Three Months )

Saudi Real Estate Co. announces its Interim Financial Results for the Period Ending on 2022-03-31 ( Three Months )

|Element List||Current Quarter||Similar quarter for previous year||%Change||Previous Quarter||% Change|

|Sales/Revenue||282.1||182.6||54.49||542||-47.952|

|Gross Profit (Loss)||67.4||49.1||37.27||190.9||-64.693|

|Operational Profit (Loss)||3.01||-2.9||-||107.2||-97.192|

|Net Profit (Loss) after Zakat and Tax||-29.4||-4.6||539.13||92.6||-|

|Total Comprehensive Income||-29.96||27.5||-||132.2||-|

|All figures are in (Millions) Saudi Arabia, Riyals|

|Element List||Current Period||Similar period for previous year||%Change|

|Total Share Holders Equity (after Deducting Minority Equity)||2,930||2,851||2.77|

|Profit (Loss) per Share||-0.12||-0.02|

|All figures are in (Millions) Saudi Arabia, Riyals|

|Accumulated Losses||Capital||Percentage %|

|274.9||2,400||11.5|

|All figures are in (Millions) Saudi Arabia, Riyals|

|Element List||Explanation|

|The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is|| "The reason for the increase in Net loss during the current quarter as compared to the same quarter of the previous year:

|

1- 17.4M Finance Cost Increased mainly due to stop capitalization in Al Widyan Project as the project activities stopped, as the land was located inside the development area which is under the studying of development purposes by Government.

2- Increase in General & Administrative Expenses compared to the same quarter of the previous year by 5.8 million riyals as a result of the expansion of the activity of subsidiaries.

3- Increased Sales & Marketing Expenses by (6.6) million riyals mainly in ECL and Advertisement campaign Al Akaria Park (Real Estate Project)

4- Decrease in Net other Income

5- Increase