REG - Dar Al-Arkan Sukuk - 1st Quarter Results

Fair Value REIT-AGAnnouncement

06/05/2025 08:00

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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         The increase in sales revenue for the current quarter compared to the same
       current quarter compared to the same quarter of the last year is                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      The Increase in net income is mainly due to higher property sale.  The
       quarter compared to the same quarter of the last year is                        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         The decrease in sales revenue for the current quarter compared to the previous
       current quarter compared to the previous one is                                 quarter is mainly due to lower property sale.
       The reason of the increase (decrease) in the net profit (loss) during the       The decrease in net income is mainly due to lower property sale. The lower
       current quarter compared to the previous one is                                 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    None
       External Auditor Opinion
       3.  Reclassification of Comparison Items                                        None
       4.  Additional Information                                                      None

 

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