Riyadh-Mubasher: Jabal Omar Development Co. (JODC) reported a 78.22% fall in profits to SAR 91.92 million for the fiscal year ended 30 Dhu al-Hijjah 1436, compared to SAR 422 million a year earlier, according to a bourse filing on Sunday.
Net operating income decreased 51.53% to SAR 210.6 million during the year, compared to SAR 437.2 million.
The annual profit drop is mainly attributed to a decline in revenues generated from selling residential units.
