trending Market Intelligence /marketintelligence/en/news-insights/trending/bankZl4zDoViyR6pizQjcw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Jazan Development Q2 profit climbs YOY


So, the data lakehouse is now officially a ‘thing’ – what is it and why should you care?


Industry Top Trends 2021: Oil and Gas


Charter, DIRECTV and Comcast rank as the top 'RSN-friendly' MVPDs

Industry Top Trends 2021: Metals and Mining

Jazan Development Q2 profit climbs YOY

Jazan Development Co. said its second-quarter normalized net income amounted to 5 halalas per share, a gain from 2 halalas per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 2.3 million riyals, an increase from 779,900 riyals in the year-earlier period.

The normalized profit margin rose to 14.9% from 5.1% in the year-earlier period.

Total revenue came to 15.3 million riyals, compared with 15.2 million riyals in the year-earlier period, and total operating expenses fell from the prior-year period to 14.3 million riyals from 14.9 million riyals.

Reported net income grew from the prior-year period to 3.5 million riyals, or 7 halalas per share, from 1.1 million riyals, or 2 halalas per share.

As of July 15, US$1 was equivalent to 3.75 Saudi Arabian riyals.