Dar Al-Arkan Sukuk Company Ltd DAAR Announces its half yearly Financial Results (9408J)
August 21 2023 - 6:25AM
UK Regulatory
TIDMAG79
RNS Number : 9408J
Dar Al-Arkan Sukuk Company Ltd
21 August 2023
Dar Alarkan Real Estate Development Company announces its interim
financial results for the period ending on 30-06-2023 (6 months)
All figures are in (Millions) Saudi Arabian
Riyals
Sales / Revenue 826.23 677.95 21.9% 764.32 8.1%
-------------- -------------- --------- ---------- -------
Gross Profit (Loss) 315.59 245.49 28.6% 300.84 4.9%
-------------- -------------- --------- ---------- -------
Operational Profit
(Loss) 257.82 157.54 63.7% 245.09 5.2%
-------------- -------------- --------- ---------- -------
Net Profit (Loss)
after Zakat and Tax 146.48 92.58 58.2% 117.63 24.5%
-------------- -------------- --------- ---------- -------
Total Comprehensive
Income 139.55 92.58 50.7% 114.27 22.1%
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Sales / Revenue 1,590.56 2,297.29 -30.8%
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Gross Profit (Loss) 616.43 808.27 -23.7%
-------------- -------------- ---------
Operational Profit
(Loss) 502.91 656.63 -23.4%
-------------- -------------- ---------
Net Profit (Loss)
after Zakat and Tax 264.10 313.60 -15.8%
-------------- -------------- ---------
Total Comprehensive
Income 253.81 313.60 -19.1%
-------------- -------------- ---------
Total Share Holders
Equity (after deducting
minority equity) 19,857.94 19,473.23 1.98%
-------------- -------------- ---------
Profit (Loss) per
Share 0.24 0.29 -
-------------- -------------- ---------
The reason of the The increase in net income is mainly due to
increase (decrease) higher property sale. The increase in finance
in the net profit during cost and the lower non-operating income from
the current quarter Islamic Murabaha deposits were fully offset with
compared to the same the decrease in operating expenses, increase
quarter of the last in lease revenue and the increase in share of
year is income from associates and impacted the net income.
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The reason of the The increase in net income is due to increased
increase (decrease) property sale. The lower non-operating income
in the net profit during from Murabaha deposits and the decrease in income
the current quarter from associates were partially off-set with the
compared to the previous decrease in finance cost and positively impacted
period of the current to the net income.
year is
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The reason of the The decrease in net income is mainly due to
increase (decrease) lower property sale. The increase in finance
in the net profit during cost is fully off-set with the decrease in operating
the current period cost, higher non-operating income from Islamic
compared to the same Murabaha deposits, increase in lease revenue
period of the last and the increase in share of income from associates
year is and positively impacted the net income.
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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
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4. Additional Information None
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END
IR BGGDIGDDDGXB
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August 21, 2023 06:25 ET (10:25 GMT)
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