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16/04/2013 09:20 AST
Jazan Development Company announces the interim financial results for the period ending 31/3/2012:
1) Net profit of SR 21,870,793 for the 1st Q2013 compared to net loss of SR 4,047,464 for the 1st 2012, compared to net profit 1,735,556 for the 4Q 2012 with an increase of 1,160%.
2) Gross loss of SR 4,646,594 for the 1st Q 2013 compared to gross loss of SR 3,188,704 for the same period in 2012, with an increase of 46%.
3) Operating loss of SR 8,155,507 for the 1st Q2013, compared to operating loss of SR 6,336,715 for the same period in 2012 with an increase of 29%.
4) The per share profit for the 1st Q 2013 is SR 0.44 versus per share loss of SR 0.08 for the same period in 2012.
5) The reason for the realization of net profit in the 1st quarter of 2013 compared to the net loss in the 1st quarter of 2012 is due to the net profit from investment and other income SR 2,389,251 in the 1st quarter of 2012 versus a net profit from investments and other income of SR 30,126,299 in the 1st quarter of 2013.
6) The reason for the realization of a high net profit in 1st quarter 2013 compared to the 4th quarter 2012 is due to a net profit from investments and other income of SR 30,126,299 in the 1st quarter 2013 compared to a net profit of SR 10,166,808 from investments in the 4th quarter 2012.
7) The reason for the increase of gross and operating losses in the 1st quarter 2013, compared to 1st quarter of the same period last year is due to the loss from shrimp farm resulting from the slowdown of shrimp production of which stocking will start in April 2013.
8) Some figures of 1st quarter 2012 were adjusted for accurate comparison with the 1st quarter 2013 figures.
Tadawul
21/10/2014
azan Development Company (Jazadco), a leading Saudi Arabian company specialising in agricultural activity, said it has won approval from the company's board, to invest SR20 million ($5.3 million) in
Trade Arabia
30/05/2013
Jazan Development Company (JAZADCO) announces the sale of two pieces of land at Makkah on 19/7/1434H corresponding to 29/5/2013 of a total area of 34,253.38 Sqm to a Real State Investor . The total l
Tadawul
25/02/2013
Jazan Development Company announces the audited financial results for the year ended 31/12/2012:
1) Net loss of SR 18,332,592 compared to SR 69,045,248 for the last year with a decrease of
Tadawul
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| FADECO | 79.00 | 0.00 (0.00 |
| ALMARAI | 53.80 | 0.40 (0.74 |
| SAVOLAGROUP | 30.85 | 0.15 (0.48 |
| BALADY | 281.00 | -5.00 (-1.75 |
| SADAFCO | 309.60 | 1.80 (0.58 |
26/04/2025
Adnoc Distribution, a leading fuel distributor and convenience store operator, has unveiled plans for a major expansion of its electric vehicle (EV) charging infrastructure, increasing its charging p
Trade Arabia
25/04/2025
Saudi Awwal Bank (SAB), one of the leading banks in Saudi Arabia, has signed SR2 billion credit facility agreement with the Saudi Binladin Group, a subsidiary of Binladin International Holding Group,
Saudi Gazette
24/04/2025
The Dubai-based logistics firm Aramex has confirmed a new acting CEO after Othman AlJeda, the incumbent, resigned for personal reasons.
The change at the top comes just weeks after Abu Dhabi
Gulfnews
24/04/2025
The leading UAE banks have put up some sizable growth in their Q1-2025 results, with ADIB's net profit before tax totalling Dh1.9 billion - and that's from an impressive 18% gain year-on-year.
Gulfnews
24/04/2025
Salalah Port has received five modern dual-fuel methanol-powered container vessels from Maersk's fleet, marking a significant milestone in the port's infrastructure development and readiness to accom
Times of Oman
Financial Information Co.
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