Dar Alarkan Real Estate Development Co. announces its Annual financial results for the period ending on 2018-12-31
Element List | Current Year | Previous Year | %Change | ||
---|---|---|---|---|---|
Sales/Revenue | 6,412.26 | 4,734.68 | 35.431 | ||
Total Profit (Loss) | 1,057.15 | 1,114.01 | -5.104 | ||
Profit (Loss) Operational | 888.21 | 952.01 | -6.701 | ||
Net Profit (Loss) after Zakat and Tax | 508.81 | 553.37 | -8.052 | ||
Total Comprehensive Income | 511.78 | 556.04 | -7.959 | ||
Total Share Holders Equity (after deducting minority equity) | 18,705.33 | 18,733.55 | -0.15 | ||
Profit (Loss) per Share | 0.47 | 0.51 | |||
All figures are in (Millions) Saudi Arabia, Riyals |
Element List | Explanation |
---|---|
Reason for increase (decrease) in net profit for current year compared to last year | The decrease in net income is mainly due to the lower margin achieved on property sale. The slight increase in operating expenses, the increase in finance cost, the decrease in lease revenue and the decrease in income from associates has been offset with the increase in non-operating income received from deposits. |
Type of the external auditor's opinion | Unmodified opinion |
External auditor's report containing reservation | none |
Reclassifications in annual financial results | none |
Additional Information | none |
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