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Dar Alarkan Real Estate Development Company announced its interim financial results for the six-month period ending June 30, 2025, on August 3, 2025. For this period, Net Profit after Zakat and Tax increased by 40.6% to SAR 447.96 million from SAR 318.71 million in the prior year's similar period. Sales/Revenue decreased by 2.3% to SAR 1,784.14 million, and total shareholders' equity grew by 4.63% to SAR 21,528.91 million.
| Date | 4 Aug 2025 |
| Time | 07:00:04 |
| Category | Results |
| ID | 7306T |
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Dar Alarkan Real Estate Development Company announces its interim financial results for the period ending on 30-06-2025 (6 months) |
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All figures are in (Millions) Saudi Arabian Riyals |
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Element |
Current quarter |
Similar quarter for previous year |
% Change Current |
Previous quarter |
% Change |
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Sales / Revenue |
852.14 |
961.56 |
-11.4% |
932.01 |
-8.6% |
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Gross Profit (Loss) |
410.85 |
383.74 |
7.1% |
406.57 |
1.1% |
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Operational Profit (Loss) |
353.43 |
317.49 |
11.3% |
337.59 |
4.7% |
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Net Profit (Loss) after Zakat and Tax |
238.62 |
165.12 |
44.5% |
209.34 |
14.0% |
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Total Comprehensive Income |
224.34 |
145.38 |
54.3% |
209.55 |
7.1% |
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Element |
Current period |
Similar period for previous year |
% change |
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Sales / Revenue |
1,784.14 |
1,826.48 |
-2.3% |
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Gross Profit (Loss) |
817.42 |
739.53 |
10.5% |
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Operational Profit (Loss) |
691.02 |
622.71 |
11.0% |
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Net Profit (Loss) after Zakat and Tax |
447.96 |
318.71 |
40.6% |
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Total Comprehensive Income |
434.30 |
283.65 |
53.1% |
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Total Share Holders Equity (after deducting minority equity) |
21,528.91 |
20,575.53 |
4.63% |
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Profit (Loss) per Share |
0.41 |
0.30 |
- |
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Element List |
Amount |
Percentage Of The Capital (%) |
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Profit (Losses) Resulting From The Change In Investment Properties' Fair Value |
- |
- |
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Element |
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 decrease in sales revenue for the current quarter compared to the same quarter of the previous year is mainly due to lower 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 margin achieved in property sale and the increase in project management and contracting revenues. The increase in lease revenue, the decrease in finance costs, the decrease in operating cost and the increase in non-operating income from Islamic Murabaha deposits are 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 during the current quarter compared to the previous one is |
The Increase in net income is mainly due to higher margin achieved in property sale and the increase in project management and contracting revenues. The decrease in operating cost and the increase in non-operating income from Islamic Murabaha deposits are off set with the increase in finance costs and positively impacted the net income. |
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The reason of the increase (decrease) in the sales/revenue during the current period compared to the same period of the last year is |
The decrease in sales revenue for the current period compared to the same period last year is mainly due to lower property sale.
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The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is |
The Increase in net income is mainly due to higher margin achieved in property sale and the increase in project management and contracting revenues. 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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Other notes |
1. Statement of the type of external auditor's report |
Unmodified conclusion |
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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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