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Dar Alarkan Real Estate Development Co. announces its Interim Financial Results for the Period Ending on 2020-09-30 ( Nine 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 391.24 899.41 -56.5 464.34 -15.742
Gross Profit (Loss) 161.64 250.56 -35.488 156.05 3.582
Operational Profit (Loss) 119.34 211.38 -43.542 120.59 -1.036
Net Profit (Loss) after Zakat and Tax -18.59 134.87 - 10.37 -
Total Comprehensive Income -18.59 134.87 - 10.37 -
All figures are in (Millions) Saudi Arabia, Riyals
Element List Current Period Similar period for previous year %Change
Sales/Revenue 1,448.6 2,650.93 -45.355
Gross Profit (Loss) 477.72 611.57 -21.886
Operational Profit (Loss) 353.66 486.27 -27.27
Net Profit (Loss) after Zakat and Tax 4.19 235.33 -98.219
Total Comprehensive Income 4.19 235.33 -98.219
Total Share Holders Equity (after Deducting Minority Equity) 19,013.68 18,940.67 0.385
Profit (Loss) per Share 0.004 0.218
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 in finance cost together 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 in finance cost, increase in operating expenses, lower non-operating income and lower share of profits received from associates were partially off-set with the increase in lease revenue 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 increase in non-operating income and the increase in share of profit 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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