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Amlak International for Real Estate Finance Co. announces its Interim Financial Results for the Period Ending on 2022-06-30 ( Six Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Total income from Special Commissions/Financing & Investments 69,82270,609-1.1167,3983.6
Net Income from Special Commissions/Financing & Investments 51,13654,374-5.9652,477-2.56
Total Operation Profit (Loss) 54,78255,342-1.0152,2654.82
Net Profit (Loss) before Zakat and Income Tax 31,94130,9943.0631,0502.87
Net Profit (Loss) 28,56028,2181.2127,1245.29
Total Comprehensive Income 33,95230,15112.6139,224-13.44
All figures are in (Thousands) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Total income from Special Commissions/Financing & Investments 137,220142,575-3.75
Net Income from Special Commissions/Financing & Investments 103,613110,313-6.07
Total Operation Profit (Loss) 107,047111,285-3.81
Net Profit (Loss) before Zakat and Income Tax 62,99160,3924.3
Net Profit (Loss) 55,68453,4174.24
Total Comprehensive Income 73,17656,24230.11
Total Share Holders Equity (after Deducting Minority Equity) 1,187,1871,132,1874.86
Assets 3,412,7733,506,164-2.66
Investments 9,87810,889-9.28
Loans and Advances Portfolio (Financing & Investment) 3,292,3913,288,7120.11
Clients' deposits ---
Profit (Loss) per Share 0.610.59
All figures are in (Thousands) 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 company achieved a net profit of SR 28.6 million during current quarter, compared to SR 28.2 million for the same quarter during 2021, representing a minor increase of 1.21%.

The increase is mainly attributable to:

- Reversals in Impairment allowance for expected credit losses; and partially offset due to Increase in G&A Expenses and Increase in Finance Costs.

The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is The company achieved a net profit of SR 28.6 million during current quarter, compared to SR 27.1 million for previous quarter of 2022, representing an increase of 5.29%.

The increase is mainly attributable to:

- Reversals in Impairment allowance for expected credit losses;

- Other Income booked during current period; and partially offset due to Increase in G&A Expenses and Increase in Finance Costs.

The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is The net profit increased from SR 53.4 million to SR 55.7 million during current period compared to the same period during 2021, representing an increase of 4.24%.

The increase is mainly attributable to:

- Reversals in Impairment allowance for expected credit losses;

- Other Income booked during current period; and partially offset due to Increase in G&A Expenses and reversals in Gain on sale of portfolio.

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 No comparative figures have been reclassified to be consistent with the presentation of the current period
Additional Information The Company is currently not engaged in any deposit taking activity and hence the client deposits are Nil.

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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