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Dar Alarkan Real Estate Development Co. announces its interim Financial results for the period ending on 2019-06-30 ( Six Months )

DAR ALARKAN 4300 -0.13% 15.08 -0.02
Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change
Sales/Revenue 927.85 1,784.8 -48.013 823.68 12.646
Total Profit (Loss) 201.72 266.17 -24.213 159.28 26.644
Profit (Loss) Operational 157.64 218.82 -27.959 117.24 34.459
Net Profit (Loss) after Zakat and Tax 74.96 108.6 -30.976 25.51 193.845
Total Comprehensive Income 74.96 108.6 -30.976 25.51 193.845
All figures are in (Millions) Saudi Arabia, Riyals
Element List Current Period Similar period for previous year %Change
Sales/Revenue 1,751.52 4,578.71 -61.746
Total Profit (Loss) 361 740.78 -51.267
Profit (Loss) Operational 274.88 655.27 -58.05
Net Profit (Loss) after Zakat and Tax 100.47 439.72 -77.151
Total Comprehensive Income 100.47 439.72 -77.151
Total Share Holders Equity (after deducting minority equity) 18,805.8 18,633.27 0.925
Profit (Loss) per Share 0.09 0.41
All figures are in (Millions) Saudi Arabia, Riyals
Accumulated Losses Capital
0 10,800,000,000
Element List Explanation
Reason for increase (decrease) in net profit for current quarter compared to the same quarter of the previous year The decrease in net income is mainly due to lower property sale. The decrease in non-operating income received from Islamic deposits were off-set with the decrease in operating expenses, finance cost and the increase in lease revenue.
Reason for increase (decrease) in net profit for current quarter compared to the previous quarter The increase in net income is mainly due to the higher property sale. The slight increase in operating expenses were off-set with the increase in lease revenue, income from associates and the decrease in finance cost.
Reason for increase (decrease) in net profit for current period compared to the similar period of the previous year The decrease in net income is mainly due to lower property sale. The increase in operating expenses and the decrease in income from associates were off-set with the increase in lease revenue, the decrease in finance cost and the increase in non-operating income received from Islamic deposits.
Type of the external auditor's opinion Unmodified opinion
External auditor's report containing reservation none
Reclassifications in quarter financial result none
Additional Information None

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