Makkah Construction and Development Company reported a net profit of SAR 241m for the nine months ended Muharram 1436 AH, a 4% decrease compared to the same period last year.
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Income Statement |
|||
|
Change |
Muharram 1436 |
Muharram 1435 |
Period |
|
(4%) |
241.0 |
252.0 |
Net Profit (SAR million) |
|
-- |
164.8 |
164.8 |
Average number of shares (million) |
|
(4%) |
1.46 |
1.53 |
Earnings per share (SAR/share) |
The company said the decline of the nine months’ profit compared to the same period last year is due to lower revenues and occupancy rates at Makkah Hilton Hotel and residences, as a result of the decreased number of hotel guests and Omrah performers in Shaaban and Ramadan compared to the earlier period.
It also attributed the net profit increase of Q3-1435 AH compared to the same quarter last year to the increased revenues and occupancy rates at Makkah Hilton Hotel and residences, a result of the increased number of hotel guests and Omrah performers in Q3 compared to the earlier period.
The decline of Q3’s net profit compared to the previous quarter (Q2-1435) was attributed to the inclusion of Omrah Season (Shabaan and Ramadan) in the previous quarter during which the rooms prices are higher than Hajj Prices.
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Net profit |
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|
EPS (SAR/share) |
Net profit (SAR million) |
Period |
||
|
1434H-1435H |
||||
|
0.39 |
64.0 |
Rajab Q1-1434 |
||
|
0.67 |
111.0 |
Shawwal Q2- 1434 |
||
|
0.47 |
78.0 |
Muharram Q3-1435 |
||
|
0.44 |
72.0 |
Rabi' II Q4-1435 |
||
|
1435H-1436H |
||||
|
0.36 |
59.0 |
Rajab Q1-1435 |
||
|
0.59 |
97.0 |
Shawwal Q2- 1435 |
||
|
0.52 |
85.0 |
Muharram Q3-1436 |
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