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16/01/2013 17:31 AST
Saudi real estate company (Al Akaria) has announced its Interim Financial results for the quarter and twelve months period ended December 31, 2012 as follows:
1. The Net income for the quarter ended December 31, 2012 was SR 56.7 million compared to the net income of SR 60.6 million for the same quarter in 2011, which represents a decrease of 6.4%, and compared to the net income for the third quarter of SR 47.2 million, which represents an increase of 20.1%.
2. The Gross profit for the quarter ended December 31, 2012 amounted to SR 43.8 million compared to same quarter in 2011 of SR 56.9 million, which represents a decrease of 23%.
3. The income from operations for the quarter ended December 31, 2012 amounted to SR 40.1 million compared to SR 53.4 million for the same quarter in 2011, which represents a decrease of 24.9%.
4. The net income for the twelve months period ended December 31, 2012 amounts to SR 179.5 million compared to the net income of SR 149.7 million for the same period in 2011, which represents an increase of 19.9%.
5. The earnings per share for the twelve months period ended December 31, 2012 amounted to SR 1.5 compared to SR 1.25 for the same period in 2011.
6. The Gross profit for the twelve months period ended December 31, 2012 was SR 178.3 million compared to SR 179.8 million for the same period in 2011, which represents a decrease of 0.8%.
7. The income from operations for the twelve months period ended December 31, 2012 was SR 161.4 million compared to SR 160.3 million for the same period in 2011, which represents an Increase of 0.7%.
8. The decrease in net income for quarter ended December 31, 2012 compared to the same quarter in 2011 is due to non land sales.
9. The Increase in net income for the period ended December 31, 2012 compared to the same period in 2011 is due to the increase in rental income and charging the income statement of the same period 2011 the net unrealized loss due to management decision to demolish an old building.
10. The Increase in net income for quarter ended December 31, 2012 compared to the third quarter in 2012 is due to equity funds liquidation.
Tadawul
29/02/2016
Saudi Real Estate Company has signed a contract On 19/05/1437H corresponding to 28/02/2016, amounting to SR (26,000,000) (Saudi Riyal Twenty Six million) with M/s Keo International Consultants for De
Tadawul
08/09/2014
The Board of Directors of Saudi Real Estate Co. has recommended the distribution of dividend to the shareholders for the period 1ST HALF OF 2014 as following:
1. Total amount of distribut
Tadawul
20/02/2013
Saudi real estate company (Al Akaria) has announced the audited Financial results for the year ended December 31, 2012 as follows:
1. The net income of SR 179.5 million compared to
Tadawul
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| MASAR | 22.80 | 0.06 (0.26 |
| JABALOMAR | 18.30 | 0.13 (0.71 |
| DARALARKAN | 18.40 | 0.36 (1.99 |
| EMAAREC | 11.80 | -0.21 (-1.75 |
| MCDC | 76.80 | 0.75 (0.98 |
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The performance was driven by
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