Dar Al-Arkan Sukuk - 1st Quarter Results

Fair Value REIT-AG

06/05/2025 07:00

RNS Number : 3344H

Dar Al-Arkan Sukuk Company Ltd

04 May 2025

 

Dar Alarkan Real Estate Development Company announces its interim financial results for the period ending on 31-03-2025 (3 months)
All figures are in (Millions) Saudi Arabian Riyals
Element List
Current Quarter
Similar Quarter For Previous Year
% Change Current
Previous Quarter
% Change
Sales Revenue
932.01
864.92
7.8%
1,013.81
-8.1%
Gross Profit (Loss)
406.57
355.80
14.3%
448.37
-9.3%
Operational Profit (Loss)
337.59
305.22
10.6%
378.63
-10.8%
Net Profit (Loss) after Zakat and Tax
209.34
153.59
36.3%
353.38
-40.8%
Total Comprehensive Income
209.55
138.26
51.6%
365.53
-42.7%
Element List
Current Period
Similar Period For Previous Year
%Change
Total Share Holders Equity (after deducting minority equity)
21,304.55
20,430.14
4.28%
Profit (Loss) per Share
0.19
0.14
-
Element
Amount
Percentage Of The Capital (%)
Profit (Losses) Resulting From The Change In Investment Properties' Fair Value
-
-
Element List
Explanation
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.
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.
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.
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.
Note
Explanations
1. Statement of the type of external auditor's report
Unmodified opinion
2. Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion
None
3. Reclassification of Comparison Items
None
4. Additional Information
None

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 
  END

 

 
QRFMZGGKLDNGKZG