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Dar Alarkan Real Estate Development Co. announces its Interim Financial Results for the Period Ending on 2020-06-30 ( Six Months )

DAR ALARKAN 4300 -7.16% 14.00 -1.08
Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change
Sales/Revenue 464.34 927.85 -49.955 593.02 -21.699
Gross Profit (Loss) 156.05 201.72 -22.64 160.03 -2.487
Operational Profit (Loss) 120.59 157.64 -23.502 113.73 6.031
Net Profit (Loss) after Zakat and Tax 10.37 74.95 -86.164 12.42 -16.505
Total Comprehensive Income 10.37 74.95 -86.164 12.42 -16.505
All figures are in (Millions) Saudi Arabia, Riyals
Element List Current Period Similar period for previous year %Change
Sales/Revenue 1,057.36 1,751.53 -39.632
Gross Profit (Loss) 316.08 361 -12.443
Operational Profit (Loss) 234.32 274.88 -14.755
Net Profit (Loss) after Zakat and Tax 22.78 100.47 -77.326
Total Comprehensive Income 22.78 100.47 -77.326
Total Share Holders Equity (after Deducting Minority Equity) 19,032.27 18,805.8 1.204
Profit (Loss) per Share 0.01 0.07
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 decrease in lease revenue and the increase finance cost were partially off-set with the decrease in operating expenses, 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 decrease in lease revenue and the increase finance cost were partially off-set with the decrease in operating expenses and impacted the net income.
Increase (Decrease) in Net Profit for Current Period Compared to the Similar Period of the Previous Year is Attributed to The decrease in net income is mainly due to the lower property sale. The decrease in lease revenue and the increase in finance cost were partially off-set with the decrease in operating expenses, increase in non-operating income received from deposits and the increase in income received from associates 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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