Dar Al-Arkan Sukuk Company Ltd 3rd Quarter Results (5055S)
November 06 2023 - 6:29AM
UK Regulatory
TIDMAG79
RNS Number : 5055S
Dar Al-Arkan Sukuk Company Ltd
06 November 2023
Dar Alarkan Real Estate Development Company announces its interim
financial results for the period ending on 30-09-2023 (9 months)
All figures are in (Millions) Saudi Arabian
Riyals
------------------------------- ---------------------------------------------------------------------------
Element Current Similar % Change Previous % Change
quarter quarter Current quarter
for previous
year
------------------------------- --------------- ---------------- --------- ---------------- ---------
Sales / Revenue 715.70 742.54 -3.6% 826.23 -13.4%
---------------------------------------- --------------- ---------------- --------- ---------------- ---------
Gross Profit (Loss) 285.35 304.26 -6.2% 315.59 -9.6%
---------------------------------------- --------------- ---------------- --------- ---------------- ---------
Operational Profit
(Loss) 234.31 218.52 7.2% 257.82 -9.1%
---------------------------------------- --------------- ---------------- --------- ---------------- ---------
Net Profit (Loss)
after Zakat and Tax 151.91 79.42 91.3% 146.48 3.7%
---------------------------------------- --------------- ---------------- --------- ---------------- ---------
Total Comprehensive
Income 142.76 79.42 79.8% 139.55 2.3%
---------------------------------------- --------------- ---------------- --------- ---------------- ---------
Element Current Similar % change
period period
for previous
year
------------------------------- --------------- ---------------- --------- -----------------------------
Sales / Revenue 2,306.25 3,039.83 -24.1%
---------------------------------------- --------------- ---------------- --------- ---------------- ---------
Gross Profit (Loss) 901.78 1,112.53 -18.9%
---------------------------------------- --------------- ---------------- ---------
Operational Profit
(Loss) 737.22 875.15 -15.8%
---------------------------------------- --------------- ---------------- ---------
Net Profit (Loss)
after Zakat and Tax 416.01 393.01 5.9%
---------------------------------------- --------------- ---------------- ---------
Total Comprehensive
Income 396.58 393.01 0.9%
---------------------------------------- --------------- ---------------- ---------
Total Share Holders
Equity (after deducting
minority equity) 20,100.62 19,552.64 2.80%
---------------------------------------- --------------- ---------------- ---------
Profit (Loss) per
Share 0.37 0.36 -
---------------------------------------- --------------- ---------------- ---------
The reason of the The increase in net income is mainly due to
increase (decrease) the decrease in operating expenses, increase
in the net profit during in lease revenue and the increase in share of
the current quarter income from associates. The increase in finance
compared to the same cost were fully offset with the higher non-operating
quarter of the last income from Islamic Murabaha deposits and positively
year is impacted the net income.
---------------------------------------- ---------------------------------------------------------------------------
The reason of the The increase in net income is mainly due to
increase (decrease) the decrease in operating expenses, increase
in the net profit during in lease revenue and the increase in share of
the current quarter income from associates. The increase in finance
compared to the previous cost is partially off-set with the higher non-operating
period of the current income from Islamic Murabaha deposit and impacted
year is to the net income.
---------------------------------------- ---------------------------------------------------------------------------
The reason of the The increase in net income is mainly due to
increase (decrease) the decrease in operating expenses, increase
in the net profit during in lease revenue and the increase in share of
the current period income from associates. The increase in finance
compared to the same cost is partially off-set with the higher non-operating
period of the last income from Islamic Murabaha deposit and impacted
year is to the net income.
---------------------------------------- ---------------------------------------------------------------------------
Other 1. Statement of the Unmodified conclusion
notes type of external auditor's
report
------------------------------- ---------------------------------------------------------------------------
2. Modification, Qualification None
or Emphasis of a Matter
as Stated within the
External Auditor Opinion
---------------------------------------- ---------------------------------------------------------------------------
3. Reclassification None
of Comparison Items
---------------------------------------- ---------------------------------------------------------------------------
4. Additional Information None
---------------------------------------- ---------------------------------------------------------------------------
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END
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