6th May 2026 16:37
| Dar Alarkan Real Estate Development Company announces its interim financial results for the period ending on 31-03-2026 (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 | 1,163.29 | 932.01 | 24.8% | 1,098.41 | 5.9% |
| Gross Profit (Loss) | 533.11 | 406.57 | 31.1% | 428.19 | 24.5% |
| Operational Profit (Loss) | 480.01 | 337.59 | 42.2% | 353.35 | 35.8% |
| Net Profit (Loss) after Zakat and Tax | 260.24 | 209.34 | 24.3% | 427.24 | -39.1% |
| Total Comprehensive Income | 239.24 | 209.55 | 14.2% | 383.59 | -37.6% |
| Element List | Current Period | Similar Period For Previous Year | %Change |
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| Total Share Holders Equity (after deducting minority equity) | 22,466.30 | 21,304.55 | 5.45% |
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| Profit (Loss) per Share | 0.24 | 0.19 | - |
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| Element | Amount | Percentage Of The Capital (%) |
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| Profit (Losses) Resulting From The Change In Investment Properties' Fair Value | - | - |
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Element List | 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 higher property sale. The increase in finance costs and the decrease in the share of profit from associates were partially offset with the decrease in operating expenses and the increase in 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. | ||||
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | In spite of higher properties sale, the decrease in net income is mainly due to the decrease in the share of profit from associates for the quarter. The decrease in operating expenses and the increase in non-operating income from Islamic Murabaha deposits were positively 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 External Auditor Opinion | None | |||||
3. Reclassification of Comparison Items | None | |||||
4. Additional Information | None | |||||