Dar Al-Arkan Sukuk Company Ltd Dar announces its H1 2024 financial results
August 06 2024 - 6:17AM
RNS Regulatory News
RNS Number : 3859Z
Dar Al-Arkan Sukuk Company Ltd
06 August 2024
|
|
Dar
Alarkan Real Estate Development Company announces its interim
financial results for the period ending on 30-06-2024 (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
|
961.56
|
826.23
|
16.4%
|
864.92
|
11.2%
|
|
|
|
Gross Profit (Loss)
|
383.74
|
315.59
|
21.6%
|
355.80
|
7.9%
|
|
|
|
Operational Profit (Loss)
|
317.49
|
257.82
|
23.1%
|
305.22
|
4.0%
|
|
|
|
Net
Profit (Loss) after Zakat and Tax
|
165.12
|
146.48
|
12.7%
|
153.59
|
7.5%
|
|
|
|
Total Comprehensive Income
|
145.38
|
139.55
|
4.2%
|
138.26
|
5.1%
|
|
|
|
|
|
Element
|
Current period
|
Similar period for previous year
|
% change
|
|
|
|
Sales / Revenue
|
1,826.48
|
1,590.56
|
14.8%
|
|
|
Gross Profit (Loss)
|
739.53
|
616.43
|
20.0%
|
|
|
Operational Profit (Loss)
|
622.71
|
502.91
|
23.8%
|
|
|
Net
Profit (Loss) after Zakat and Tax
|
318.71
|
264.10
|
20.7%
|
|
|
Total Comprehensive Income
|
283.65
|
253.81
|
11.8%
|
|
|
Total Share Holders Equity (after deducting minority
equity)
|
20,575.53
|
19,857.94
|
3.61%
|
|
|
Profit (Loss) per Share
|
0.30
|
0.24
|
-
|
|
|
|
|
|
|
|
|
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
increase in sales revenue for the current quarter compared to the
same 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 quarter compared to the same quarter of the last year
is
|
The
increase in net income is mainly due to the higher property sale.
The Increase in operating expenses, lower income from associates
and the increase in finance costs were off-set with the higher
non-operating income from Islamic Murabaha deposits and 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
increase in sales revenue for the current quarter compared to the
previous quarter is mainly due to higher property sale and
inclusion of project management consulting
revenue.
|
|
|
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 property sale. The
increase in operating cost and lower income from associates were
off-set with the increase in non-operating income from Islamic
Murabaha deposits and the decrease in finance cost and impacted to
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
increase in sales revenue for the current period compared to the
same period last year is mainly due to higher property sale and
inclusion of project management consulting
revenue.
|
|
|
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 the higher property sale.
The increase in operating expenses, higher finance cost and the
lower income from associates were off-set with higher non-operating
income from Islamic Murabaha deposits and 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
|
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact
rns@lseg.com or visit
www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our
Privacy
Policy.
END
IR UNARRSVUWRAR
Dar Al-arkan.29 (LSE:AG79)
Historical Stock Chart
From Nov 2024 to Dec 2024
Dar Al-arkan.29 (LSE:AG79)
Historical Stock Chart
From Dec 2023 to Dec 2024
