Dar Al-Arkan Real Estate Development Co.’s net profit after Zakat and tax tumbled 94% year-on-year (YoY) to SAR 18.8 million for 2020. The annual results were hit by lower property sales and lease revenue, along with an increase in finance costs.
| Item | 2019 | 2020 | Change |
|---|---|---|---|
| Revenues | 3,491.86 | 1,944.85 | (44.3 %) |
| Gross Income | 824.44 | 674.65 | (18.2 %) |
| Operating Income | 649.65 | 503.32 | (22.5 %) |
| Net Income | 304.59 | 18.79 | (93.8 %) |
| Average Shares | 1,080.00 | 1,080.00 | - |
| EPS (Riyals) | 0.28 | 0.02 | (93.8 %) |
In Q4 2020, the real estate developer reported a 79% plunge YoY in net profit after Zakat and tax to SAR 14.6 million.
Shareholders’ equity, excluding minority interest, inched up 0.087% YoY to SAR 19.026 billion in 2020.
| Item | Q4 2019 | Q4 2020 | Change |
|---|---|---|---|
| Revenues | 840.92 | 496.26 | (41.0 %) |
| Gross Income | 212.87 | 196.93 | (7.5 %) |
| Operating Income | 163.38 | 149.66 | (8.4 %) |
| Net Income | 69.26 | 14.60 | (78.9 %) |
| Average Shares | 1,080.00 | 1,080.00 | - |
| EPS (Riyals) | 0.06 | 0.01 | (78.9 %) |
| Item | Q3 2020 | Q4 2020 | Change |
|---|---|---|---|
| Revenues | 391.24 | 496.26 | 26.8 % |
| Gross Income | 161.64 | 196.93 | 21.8 % |
| Operating Income | 119.34 | 149.66 | 25.4 % |
| Net Income | (18.59) | 14.60 | 178.5 % |
| Average Shares | 1,080.00 | 1,080.00 | - |
| EPS (Riyals) | (0.02) | 0.01 | 178.5 % |
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}