Makkah Construction and Development Co. (MCDC) reported a net profit after Zakat and tax of SAR 86 million in H1 2022 ended May 30, versus a net loss of SAR 14 million a year earlier, buoyed by higher number of visitors on lifting the COVID-19 lockdown measures.
The company reported a net profit of SAR 78 million in Q2 2022, versus a net loss of SAR 4 million in a year-earlier period, boosted by higher revenue, increased occupancy rates and the rise in the number of visitors and pilgrims.
On a sequential basis, net profit increased by more than eight-fold.
Current Quarter Comparison (M)
|Item||Q2 2021||Q2 2022||Change|
Total shareholders’ equity, excluding minority interest, reached SAR 4.364 billion by the end of H1 2022, compared to SAR 5.112 billion a year earlier.
View other reports
Makkah Construction and Development Co. (MCDC)
|Market Cap (M Riyal)||12,361.22|
|Enterprise Value (EV) (M)||12,370.62|
|Book Value (BV) ( Riyal)||26.48|
|Adjusted P/E (Last12)||More than 50|
|P/E (TTM)||More than 50|
|Return on Average Assets (%) (TTM)||2.2|
|Return on Average Equity (%) (TTM)||2.2|
you can view the full report by subscribing to the
The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.