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Saudi Arabian developer Jabal Omar's Q2 revenue climbs 18.7% YOY

Jabal Omar Development Co. said its second-quarter EPS was 3 halalas, compared with a loss of 16 halalas per share in the year-earlier period.

Attributable profit and total comprehensive income for the quarter totaled 30.0 million riyals, compared with a loss of 147.4 million riyals in the second quarter of 2018.

Second-quarter revenue climbed 18.7% on an annual basis to 297.0 million riyals from 250.2 million riyals. Operating profit came to 188.2 million riyals compared with 4.5 million riyals in the year-earlier period.

The Saudi Arabian real estate developer's six-month EPS came to 3 halalas, compared with a loss of 30 halalas per share in the year-earlier period.

Attributable profit and total comprehensive income for the first half totaled 31.6 million riyals, compared with a loss of 275.6 million riyals in the year-ago period.

First-half revenue grew 21% year over year to 474.6 million riyals from 392.4 million riyals. Operating profit totaled 364.8 million riyals compared with 24.5 million riyals in the prior-year period.

As of July 31, 2019, US$1 was equivalent to 3.75 riyals.