Dar Alarkan Real Estate Development Co. announces its Annual Financial Results for the Period Ending on 2021-12-31
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 2,493.08 | 1,944.85 | 28.188 | ||
| Gross Profit (Loss) | 896.73 | 674.65 | 32.917 | ||
| Operational Profit (Loss) | 684.78 | 503.32 | 36.052 | ||
| Net Profit (Loss) after Zakat and Tax | 132.52 | 18.79 | 605.268 | ||
| Total Comprehensive Income | 133.45 | 16.69 | 699.58 | ||
| Total Share Holders Equity (after Deducting Minority Equity) | 19,159.63 | 19,026.18 | 0.701 | ||
| Profit (Loss) per Share | 0.12 | 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 year compared to the last year is | The increase in net income is mainly due to higher property sale. The decrease in lease revenue, increase in operating cost, increase in finance cost and the lower non-operating income from Islamic Murabaha deposit were off-set with increase in share of income from associates and impacted the net income. |
| Statement of the type of external auditor's report | 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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