Dar Alarkan Real Estate Development Co. announces its Interim Financial Results for the Period Ending on 2020-03-31 ( Three Months )

11 June 2020 03:59 PM

DAR ALARKAN 4300 -0.13% 15.08 -0.02

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	593.02	823.68	-28.003	840.92	-29.479
Gross Profit (Loss)	160.03	159.28	0.47	212.87	-24.822
Operational Profit (Loss)	113.73	117.24	-2.993	163.38	-30.389
Net Profit (Loss) after Zakat and Tax	12.42	25.51	-51.313	69.25	-82.064
Total Comprehensive Income	12.42	25.51	-51.313	68.82	-81.952
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Share Holders Equity (after Deducting Minority Equity)	19,021.9	18,730.85	1.553
Profit (Loss) per Share	0.01	0.02
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Explanation
Increase (Decrease) in Net Profit for Current Quarter Compared to the Same Quarter of the Previous Year is Attributed to	The decrease in net income is mainly due to the lower property sale. The increase in operating expenses and finance cost were partially off-set with the increase in lease revenue, increase in non-operating income received from deposits and the increase in income received from associates and impacted the net income.
Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to	The decrease in net income is mainly due to the lower property sale. The increase finance cost were partially off-set with the decrease in operating expenses, the increase in lease revenue, increase in non-operating income received from deposits and impacted the net income.
Basis of the External Auditor's Opinion	Unmodified opinion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion	None
Reclassification of Comparison Items	None
Additional Information	None

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