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Dar Alarkan Real Estate Development Co. announces its Annual Financial results for the period ending on 2024-12-31

DAR ALARKAN 4300 -3.49% 19.33 -0.70
Element List Current Year Previous Year %Change
Sales/Revenue 3,759.02 2,707.1 38.86
Gross Profit (Loss) 1,600 1,070.41 49.48
Operational Profit (Loss) 1,334.1 865.31 54.17
Net profit (Loss) 806.84 610.76 32.1
Total Comprehensive Income 800 589.19 35.78
Total Shareholders Equity (after Deducting Minority Equity) 21,094.61 20,291.88 3.96
Profit (Loss) per Share 0.75 0.57
All figures are in (Millions) Saudi Arabia, Riyals


Element List Amount Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value - -
All figures are in (Millions) Saudi Arabia, Riyals


Element List Explanation
The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year The increase in sales revenue for the current year compared to previous year is mainly due to higher property sale.
The reason of the increase (decrease) in the net profit during the current year compared to the last year is Increase in net income is mainly due to the increase property sale. The increase in operating expenses, increase in finance cost and the decrease in share of income from associates were fully off-set with the increase in lease revenue and the higher non-operating income from Islamic Murabaha deposits and impacted the net income.
Statement of the type of external auditor's report Unmodified opinion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) None
Reclassification of Comparison Items None
Additional Information None

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