Mubasher TV
Contact Us Advertising   العربية

Dar Alarkan Real Estate Development Co. announces its Annual Financial results for the period ending on 2023-12-31

DAR ALARKAN 4300 -23.74% 11.50 -3.58
Element List Current Year Previous Year %Change
Sales/Revenue 2,707.1 3,925.5 -31.04
Gross Profit (Loss) 1,070.41 1,457.59 -26.56
Operational Profit (Loss) 865.31 1,099.66 -21.31
Net profit (Loss) 610.76 441.72 38.27
Total Comprehensive Income 589.19 444.5 32.55
Total Share Holders Equity (After Deducting the Minority Equity) 20,291.88 19,604.13 3.51
Profit (Loss) per Share 0.57 0.41
All figures are in (Millions) Saudi Arabia, Riyals


Element List Amount Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value - -
All figures are in (Millions) Saudi Arabia, Riyals


Element List Explanation
The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year The decrease in sales revenue for the current year compared to previous year is mainly due to lower property sale.
The reason of the increase (decrease) in the net profit during the current year compared to the last year is Despite of lower property sales; the increase in net income is mainly due to the increase in share of income from associates and the increase in lease revenue. The increase in finance cost is fully off-set with the decrease in operating expenses and the higher non-operating income from Islamic Murabaha deposits and positively impacted the net income.
Statement of the type of external auditor's report Unmodified opinion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) None
Reclassification of Comparison Items None
Additional Information None

Comments