Dar Al-Arkan Sukuk Company Ltd 1st Quarter Results
May 20 2024 - 6:15AM
RNS Regulatory News
RNS Number : 1327P
Dar Al-Arkan Sukuk Company Ltd
20 May 2024
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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
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Current Quarter
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Similar Quarter For Previous Year
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%
Change Current
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Previous Quarter
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%
Change
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Sales Revenue
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864.92
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764.32
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13.2%
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400.85
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115.8%
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Gross Profit (Loss)
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355.80
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300.84
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18.3%
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168.62
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111.0%
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Operational Profit (Loss)
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305.22
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245.09
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24.5%
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128.09
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138.3%
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Net
Profit (Loss) after Zakat and Tax
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153.59
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117.63
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30.6%
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194.74
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-21.1%
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Total Comprehensive Income
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138.26
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114.27
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21.0%
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192.61
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-28.2%
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Element
List
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Current Period
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Similar Period For Previous Year
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%Change
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Total Share Holders Equity (after deducting minority
equity)
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20,430.14
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19,718.39
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3.61%
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Profit (Loss) per Share
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0.14
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0.11
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-
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Element
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Amount
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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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-
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Element
List
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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
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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
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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
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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
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Explanations
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1. Statement of the type of external auditor's
report
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Unmodified opinion
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2. Modification, Qualification or Emphasis of a Matter
as Stated within the External Auditor Opinion
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None
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3. Reclassification of Comparison
Items
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None
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4. Additional Information
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None
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