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| Date | 20 May 2024 |
| Time | 12:15:26 |
| Category | Results |
| ID | 1327P |
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Dar Alarkan Real Estate Development Company announces its interim financial results for the period ending on 31-03-2024 (3 months) |
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All figures are in (Millions) Saudi Arabian Riyals |
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Element List |
Current Quarter |
Similar Quarter For Previous Year |
% Change Current |
Previous Quarter |
% Change |
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Sales Revenue |
864.92 |
764.32 |
13.2% |
400.85 |
115.8% |
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Gross Profit (Loss) |
355.80 |
300.84 |
18.3% |
168.62 |
111.0% |
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Operational Profit (Loss) |
305.22 |
245.09 |
24.5% |
128.09 |
138.3% |
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Net Profit (Loss) after Zakat and Tax |
153.59 |
117.63 |
30.6% |
194.74 |
-21.1% |
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Total Comprehensive Income |
138.26 |
114.27 |
21.0% |
192.61 |
-28.2% |
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Element List |
Current Period |
Similar Period For Previous Year |
%Change |
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Total Share Holders Equity (after deducting minority equity) |
20,430.14 |
19,718.39 |
3.61% |
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Profit (Loss) per Share |
0.14 |
0.11 |
- |
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Element |
Amount |
Percentage Of The Capital (%) |
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Profit (Losses) Resulting From The Change In Investment Properties' Fair Value |
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- |
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Element List |
Explanation |
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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. |
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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. |
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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. |
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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. |
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Note |
Explanations |
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1. Statement of the type of external auditor's report |
Unmodified opinion |
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2. Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion |
None |
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3. Reclassification of Comparison Items |
None |
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4. Additional Information |
None |
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