Dar Al-Arkan Sukuk - Annual Financial Report

Fair Value REIT-AG

20/03/2025 10:56

RNS Number : 5138B

Dar Al-Arkan Sukuk Company Ltd

20 March 2025

 

Dar Alarkan Real Estate Development Company announces its annual financial results for the period ending on 31-12-2024 (12 months)
All figures are in (Millions) Saudi Arabia, Riyals
Element
Current year
Previous year
% Change
Sales/Revenue
3,759.02
2,707.10
38.9%
Gross Profit (Loss)
1,600.00
1,070.41
49.5%
Operational Profit (Loss)
1,334.10
865.31
54.2%
Net Profit (Loss) after Zakat and Tax
806.84
610.76
32.1%
Total Comprehensive Income
800.00
589.19
35.8%
Total Share Holders Equity (after deducting minority equity)
21,094.61
20,291.88
3.96%
Profit (Loss) per Share
0.75
0.57
-
Element List
Amount
Percentage Of The Capital (%)
Profit (Losses) Resulting From The Change In Investment Properties Fair Value
-
-
Element
Explanations
The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year
The increase in sales revenue for the current year compared to the previous year is mainly due to higher property sales.
The reason of the increase (decrease) in the net profit during the current year compared to the last year is
The increase in net income is mainly due to the increase in property sales. The increase in operating expenses, increase in finance cost and the decrease in share of income from associates were fully offset with the increase in lease revenue and the higher non-operating income from Islamic Murabaha deposits and impacted the net income.
Explanations
Notes
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

 

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