Dar Alarkan Real Estate Development Co. announces its Interim Financial results for the Period Ending on 2024-09-30 ( Nine Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	918.73	715.7	28.368	961.56	-4.454
Gross Profit (Loss)	412.11	285.35	44.422	383.74	7.393
Operational Profit (Loss)	332.77	234.31	42.021	317.49	4.812
Net profit (Loss)	134.74	151.91	-11.302	165.12	-18.398
Total Comprehensive Income	151.48	142.76	6.108	145.38	4.195
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	2,745.22	2,306.25	19.033
Gross Profit (Loss)	1,151.64	901.78	27.707
Operational Profit (Loss)	955.48	737.22	29.605
Net profit (Loss)	453.46	416.01	9.002
Total Comprehensive Income	435.13	396.58	9.72
Total Shareholders Equity (after Deducting Minority Equity)	20,727.01	20,100.62	3.116
Profit (Loss) per Share	0.42	0.39
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 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 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 quarter compared to the same quarter of the last year is	In spite of higher property sale the net income is decreased mainly due to the increase in operating expenses, losses from associates and increase in finance costs.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is	The decrease in sales revenue for the current quarter compared to the previous quarter is mainly due to lower property sale.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is	The decrease in net income is mainly due to lower property sale . The increase in operating cost, losses from associates and the decrease in non-operating income from Islamic Murabaha deposits were also impacted to the net income.
The reason of the increase (decrease) in the sales/ revenues 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 losses from associates were off-set with higher non-operating income from Islamic Murabaha deposits and impacted the net income.
Statement of the type of external auditor's report	Unmodified conclusion
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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