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Dar Alarkan Real Estate Development Co. announces its Interim Financial Results for the Period Ending on 2023-03-31 ( Three Months )

4300
DAR ALARKAN
-0.63 %
1444/11/01     21/05/2023 15:47:09

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 764.321,619.34-52.8885.69-13.7
Gross Profit (Loss) 300.84562.78-46.54345.06-12.81
Operational Profit (Loss) 245.09499.09-50.89224.519.17
Net Profit (Loss) after Zakat and Tax 117.63221.02-46.7848.71141.49
Total Comprehensive Income 114.27221.02-48.351.49121.93
All figures are in (Millions) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Total Share Holders Equity (after Deducting Minority Equity) 19,718.3919,380.651.74
Profit (Loss) per Share 0.110.2
All figures are in (Millions) Saudi Arabia, Riyals
Element ListExplanation
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is The decrease in net income is mainly due to lower property sale. The increase in finance cost fully offset with the higher non-operating income from Islamic Murabaha deposit, the increase in lease revenue and the increase in share of income from associate and positively impacted the net income.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is The increase in net income is mainly due to the decrease in operating cost and finance cost. The decrease in non-operating income from Murabaha deposit is fully off set with the increase in income from associates and positively impacted to the net income.
Statement of the type of external auditor's report Unmodified conclusion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion None
Reclassification of Comparison Items None
Additional Information None

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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Last Price 18.82
Net Change -0.12 (-0.63%)
Value Traded (Sar) 28,802,776.98
Volume Traded 1,508,133
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