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| Date | 6 May 2025 |
| Time | 07:00:03 |
| Category | Results |
| ID | 3344H |
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Dar Alarkan Real Estate Development Company announces its interim financial results for the period ending on 31-03-2025 (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 |
932.01 |
864.92 |
7.8% |
1,013.81 |
-8.1% |
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Gross Profit (Loss) |
406.57 |
355.80 |
14.3% |
448.37 |
-9.3% |
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Operational Profit (Loss) |
337.59 |
305.22 |
10.6% |
378.63 |
-10.8% |
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Net Profit (Loss) after Zakat and Tax |
209.34 |
153.59 |
36.3% |
353.38 |
-40.8% |
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Total Comprehensive Income |
209.55 |
138.26 |
51.6% |
365.53 |
-42.7% |
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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) |
21,304.55 |
20,430.14 |
4.28% |
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Profit (Loss) per Share |
0.19 |
0.14 |
- |
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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 higher property sale. The increase in lease revenue, the decrease in finance costs and the increase in non-operating income from Islamic Murabaha deposits are offset with the increase in operating expenses and lower profits received from the associates and positively 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 decrease in sales revenue for the current quarter compared to the previous quarter is mainly due to lower 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 |
The decrease in net income is mainly due to lower property sale. The lower profits received from the associates further impacted 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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