Mubasher TV
Contact Us Advertising   العربية

Dar Alarkan Real Estate Development Co. announces its Interim Financial Results for the Period Ending on 2021-06-30 ( 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 567.76 464.34 22.272 554.84 2.328
Gross Profit (Loss) 207.73 156.05 33.117 204.54 1.559
Operational Profit (Loss) 162.86 120.59 35.052 167.17 -2.578
Net Profit (Loss) after Zakat and Tax 22.44 10.36 116.602 28.52 -21.318
Total Comprehensive Income 22.44 10.36 116.602 28.52 -21.318
All figures are in (Millions) Saudi Arabia, Riyals
Element List Current Period Similar period for previous year %Change
Sales/Revenue 1,122.6 1,057.36 6.17
Gross Profit (Loss) 412.27 316.08 30.432
Operational Profit (Loss) 330.03 234.31 40.851
Net Profit (Loss) after Zakat and Tax 50.96 22.78 123.705
Total Comprehensive Income 50.96 22.78 123.705
Total Share Holders Equity (after Deducting Minority Equity) 19,077.14 19,032.27 0.235
Profit (Loss) per Share 0.05 0.02
All figures are in (Millions) Saudi Arabia, Riyals
Element List Explanation
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is The increase in net income is mainly due to higher property sale. The increase in operating expenses, increase in finance cost, lower share of income from associates and the lower non-operating income from Islamic Murabaha deposit were fully off-set with the increase in lease revenue and further impacted the net income.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is The decrease in net income is mainly due to the decrease in lease revenue and the increase in operating expenses which fully off-set the increase in property sale and impacted the net income.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is The increase in net income is mainly due to higher property sale. The decrease in lease revenue, the increase in finance cost, lower share of income from associates and the lower non-operating income from Islamic Murabaha deposit together curtailed the higher net income generated from property sale.
Statement of the type of external auditor's report Unmodified conclusion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion None
Reclassification of Comparison Items None
Additional Information None

Comments