Mubasher TV
Contact Us Advertising   العربية

Dar Alarkan Real Estate Development Co. announces its Interim Financial results for the Period Ending on 2024-03-31 ( Three Months )

DAR ALARKAN 4300 -23.74% 11.50 -3.58
Element List Current Quarter Similar quarter for previous year %Change Previous Quarter % Change
Sales/Revenue 864.92 764.32 13.162 400.85 115.771
Gross Profit (Loss) 355.8 300.84 18.268 168.62 111.006
Operational Profit (Loss) 305.22 245.09 24.533 128.09 138.285
Net profit (Loss) 153.59 117.63 30.57 194.74 -21.13
Total Comprehensive Income 138.26 114.27 20.994 192.61 -28.217
All figures are in (Millions) Saudi Arabia, Riyals


Element List Current Period Similar period for previous year %Change
Total Share Holders Equity (After Deducting the Minority Equity) 20,430.14 19,718.39 3.609
Profit (Loss) per Share 0.14 0.11
All figures are in (Millions) Saudi Arabia, Riyals


Element List Percentage of the capital (%) Amount
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 quarter compared to the same quarter of the last year is The increase in sales revenue for the current quarter compared to the same quarter of the previous year is mainly due to higher property sale.
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 the higher property sale; Decrease in operating expenses and the higher non-operating income from Islamic Murabaha deposits were off set with the decrease in income from associates and the increase in finance cost and impacted the net income.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The increase in sales revenue for the current quarter compared to the previous quarter is mainly due to higher property sale.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is Despite of higher property sale, the decrease in net income is mainly due to lower income from associates. The increase in finance costs and the lower non-operating income from Islamic Murabaha deposits were partially off-set with the decrease in operating costs and impacted to the net income.
Statement of the type of external auditor's report Unmodified conclusion
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