Dar Alarkan Real Estate Development Co. announces its Interim Financial Results for the Period Ending on 2021-09-30 ( Nine Months )
November 08, 2021 at 11:18 am IST
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A4300 DAR ALARKAN-0.01 (-0.1 %) 1443/04/03 Mon Nov 8, 2021 08:28:30
Dar Alarkan Real Estate Development Co. announces its Interim Financial Results for the Period Ending on 2021-09-30 ( Nine Months )
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Element List
Current Quarter
Similar quarter for previous year
%Change
Previous Quarter
% Change
Sales/Revenue
595.41
391.24
52.185
567.76
4.87
Gross Profit (Loss)
216.52
161.64
33.951
207.73
4.231
Operational Profit (Loss)
158.2
119.34
32.562
162.86
-2.861
Net Profit (Loss) after Zakat and Tax
25.17
-18.59
-
22.44
12.165
Total Comprehensive Income
25.17
-18.59
-
22.44
12.165
All figures are in (Millions) Saudi Arabia, Riyals
Element List
Current Period
Similar period for previous year
%Change
Sales/Revenue
1,718.01
1,448.6
18.597
Gross Profit (Loss)
628.79
477.72
31.623
Operational Profit (Loss)
488.23
353.66
38.05
Net Profit (Loss) after Zakat and Tax
76.13
4.19
1,716.945
Total Comprehensive Income
76.13
4.19
1,716.945
Total Share Holders Equity (after Deducting Minority Equity)
19,102.31
19,013.68
0.466
Profit (Loss) per Share
0.07
0.004
All figures are in (Millions) Saudi Arabia, Riyals
Element List
Explanation
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 operating expenses, decrease in lease revenue and the lower non-operating income from Islamic Murabaha deposit were fully off-set with the decrease in finance cost and the increase in share of income from associates and further impacted the net income.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is
The increase in net income is mainly due to higher property sale. The increase in operating expenses were fully off-set with the decrease in finance cost and the increase in share of income from associates and further impacted the net income.
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 property sale. The decrease in lease revenue, increase in operating cost and the lower non-operating income from Islamic Murabaha deposit were fully off-set with increase in share of income from associates and further impacted the net income.
Statement of the type of external auditor's report
Unmodified conclusion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion
None
Reclassification of Comparison Items
None
Additional Information
None
The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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Dar Al-Arkan Real Estate Development Company SJSC published this content on 08 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 November 2021 05:47:08 UTC.
Dar Al Arkan Real Estate Development Company SJSC is a Saudi Arabia-based joint stock company engaged in the real estate sector. The Company operates in two segments: Sale of Developed Properties, and Leasing of Properties. The company operates through its subsidiaries which include Dar Al Arkan Properties (Real Estate) Company engaged in the development and acquisition of commercial and residential real estate; Dar Al Arkan Commercial Investment Company engaged in purchase and acquisition, leasing of real estate investments; Dar Al Arkan Sukuk Company engaged in real estate investments and development; Bawadi for Real Estate Company engaged in general construction, purchase and sale, leasing of real estate and property management; Iktifa Real Estate Company engaged in sale and purchase, acquisition, leasing of real estate and property management.