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Dar Alarkan Real Estate Development Co. announces its Interim Financial results for the Period Ending on 2024-03-31 ( Three Months )

4300
DAR ALARKAN
-0.63 %
1445/11/11     19/05/2024 07:41:50

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 864.92764.3213.162400.85115.771
Gross Profit (Loss) 355.8300.8418.268168.62111.006
Operational Profit (Loss) 305.22245.0924.533128.09138.285
Net profit (Loss) 153.59117.6330.57194.74-21.13
Total Comprehensive Income 138.26114.2720.994192.61-28.217
All figures are in (Millions) Saudi Arabia, Riyals


Element ListCurrent PeriodSimilar period for previous year%Change
Total Share Holders Equity (After Deducting the Minority Equity) 20,430.1419,718.393.609
Profit (Loss) per Share 0.140.11
All figures are in (Millions) Saudi Arabia, Riyals


Element ListPercentage of the capital (%)Amount
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value --
All figures are in (Millions) Saudi Arabia, Riyals


Element ListExplanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is The increase in sales revenue for the current quarter compared to the same quarter of the previous year is mainly due to higher property sale.
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 increase in net income is mainly due to the higher property sale; Decrease in operating expenses and the higher non-operating income from Islamic Murabaha deposits were off set with the decrease in income from associates and the increase in finance cost and impacted the net income.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The increase in sales revenue for the current quarter compared to the previous quarter is mainly due to higher property sale.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is Despite of higher property sale, the decrease in net income is mainly due to lower income from associates. The increase in finance costs and the lower non-operating income from Islamic Murabaha deposits were partially off-set with the decrease in operating costs and impacted to the net income.
Statement of the type of external auditor's report Unmodified conclusion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse 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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