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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 announce appointing the Chairman and Vice Chairman of the Board of Directors

Jabal Omar Development Company announces the appointment of Mr. Saeed Mohammed Alghamdi as Chairman of the board and Mr. Thalib Ali AlShamarani as Vice Chairman, effectively from June 30, 2021 and for a period of three years.

Jabal Omar Development Company announces the results of the 12th Ordinary General Assembly Meeting (The First Meeting)

Introduction Jabal Omar Development Company announces the results of the 12th Ordinary General Assembly Meeting (The First Meeting) City and Location of the General Assembly’s Meeting By Means of Modern Technology Date of the General Assembly’s Meeting 2021-05-27 Corresponding to 1442-10-15 Time of the General Assembly’s Meeting 19:30 Percentage of Attending Shareholders 28.33 % Names […]

Jabal Omar Development Company announces starting the electronic voting on the agenda items of the 12th General Assembly Meeting (First Meeting) (Reminder Announcement)

With reference to the company’s announcement on Tadawul dated 23 May 2021 regarding starting the electronic voting on the agenda items of the General Assembly Meeting; which will be held on Thursday 15 Shawwal 1442, corresponding to 27 May 2021 at 7:30 p.m. by means of modern technology. The Company would like to remind shareholders […]

Jabal Omar Development Co. announces its Interim Financial Results for the Period Ending on 2021-03-31 ( Three Months )

ELEMENTCURRENT QUARTERSIMILAR QUARTER FOR PREVIOUS YEAR%CHANGEPREVIOUS QUARTER% CHANGE Sales/Revenue21.57189.79-88.63431.72-31.998 Gross Profit (Loss) -88.45-1.685,164.88-176.57-49.906 Operational Profit (Loss)-137.57-84.1463.501-330.57-58.384 Net Profit (Loss) after Zakat and Tax-345.3-237.8645.169-421.23-18.025 Total Comprehensive Income -345.3-237.8645.169-423.05-18.378 All figures are in (Millions) Saudi Arabia, Riyals ELEMENT LISTCURRENT PERIODSIMILAR PERIOD FOR PREVIOUS YEAR%CHANGE Total Share Holders Equity (after Deducting Minority Equity)6,643.048,074.85-17.731 Profit (Loss) per Share-0.37-0.26 All […]
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