INVESTOR RELATIONS

Media

Browse:

Jabal Omar Development Co. announces its Annual Financial Results for the Period Ending on 2019-12-31

ELEMENTCURRENT YEARPREVIOUS YEAR% CHANGE
Sales/Revenue 904.12 1,962.64 -53.933
Gross Profit (Loss) 124.99 797.84 -84.333
Operational Profit (Loss) 323.08812.54 -60.238
Net Profit (Loss) after Zakat and Tax -393.84 193.78-
Total Comprehensive Income -392.37 188.92 -
Total Share Holders Equity (after Deducting Minority Equity) 9,220.85 9,778.53 -5.703
Profit (Loss) per Share -0.42 0.21
All figures are in (Millions) Saudi Arabia, Riyals

The reason for the net loss incurred for current year compared to last year is decrease of revenue from sales of residential units as revenue last year included one-off bulk sale of residential units
Basis of the External Auditor’s Opinion
Unmodified opinion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion
Not applicable
Reclassification of Comparison Items
Certain prior period amounts have been reclassified to conform to the presentation in the current year ( Disclosure number 34 ).
Additional Information
Profit of Non-controlling interests in the consolidated statement for profit or loss and other comprehensive income for the year ended 31 December 2019 an amount SAR 430,902

The accumulated losses at the end of the year amounted to 181,653,341 riyals, equivalent to 1.95% of the company’s capital.

The spread of novel coronavirus (COVID-19) across multiple geographies was confirmed in early 2020, causing significant macro-economic uncertainty, disruptions to businesses and economic activities. The Group considers this outbreak to be a non-adjusting post balance sheet event. At this early stage, the Group is in the process of assessing the financial impact of COVID 19 on the revenue from hotel operations

Other Disclosures

Jabal Omar Development Company announces the opening of nomination for membership of the Board of Directors for the 5th session

ELEMENT LISTEXPLANATION IntroductionJabal Omar Development Company announces the opening of nomination for membership of the Board of Directors for the 5th session starting from 30 of June 2021 for a period three years. Therefore, the company invites those who willing to nominate themselves who meet the conditions and qualifications for membership, must submit their candidacy […]

Correction announcement from Jabal Omar Development Co. announces its Interim Financial Results for the Period Ending on 2020-09-30 ( Nine Months )

ELEMENT LISTEXPLANATION Date of Publishing the Previous Announcement Sought to be Corrected on Tadawul's Website2020-12-10 Corresponding to 1442-04-25 URL of the Previous AnnouncementClick Here Incorrect statements in the previous announcement-The net loss after zakat and tax amounted to 237.74 million riyals during the third quarter of the year 2020. - The percentage change in net […]

No English translation, kindly refer to the Arabic version

ELEMENT LISTEXPLANATION IntroductionNo English translation, kindly refer to the Arabic version Transaction Details No English translation, kindly refer to the Arabic version Transaction ValueNo English translation, kindly refer to the Arabic version Transaction TermsNo English translation, kindly refer to the Arabic version Parties of the TransactionNo English translation, kindly refer to the Arabic version Transaction […]
Open form