Dar Al-Arkan Sukuk - Half-year Report

Fair Value REIT-AG

04/08/2025 07:00

RNS Number : 7306T

Dar Al-Arkan Sukuk Company Ltd

03 August 2025

 

Dar Alarkan Real Estate Development Company announces its interim financial results for the period ending on 30-06-2025 (6 months)
All figures are in (Millions) Saudi Arabian Riyals
Element
Current quarter
Similar quarter for previous year
% Change Current
Previous quarter
% Change
Sales / Revenue
852.14
961.56
-11.4%
932.01
-8.6%
Gross Profit (Loss)
410.85
383.74
7.1%
406.57
1.1%
Operational Profit (Loss)
353.43
317.49
11.3%
337.59
4.7%
Net Profit (Loss) after Zakat and Tax
238.62
165.12
44.5%
209.34
14.0%
Total Comprehensive Income
224.34
145.38
54.3%
209.55
7.1%
Element
Current period
Similar period for previous year
% change
Sales / Revenue
1,784.14
1,826.48
-2.3%
Gross Profit (Loss)
817.42
739.53
10.5%
Operational Profit (Loss)
691.02
622.71
11.0%
Net Profit (Loss) after Zakat and Tax
447.96
318.71
40.6%
Total Comprehensive Income
434.30
283.65
53.1%
Total Share Holders Equity (after deducting minority equity)
21,528.91
20,575.53
4.63%
Profit (Loss) per Share
0.41
0.30
-
Element List
Amount
Percentage Of The Capital (%)
Profit (Losses) Resulting From The Change In Investment Properties' Fair Value
-
-
Element
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 decrease in sales revenue for the current quarter compared to the same quarter of the previous year is mainly due to lower 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 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.
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 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.
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.
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.
Other notes
1. Statement of the type of external auditor's report
Unmodified conclusion
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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