Dar Al-Arkan posts 40% profit drop in FY19

25/03/2020 Argaam Exclusive
0

Dar Al-Arkan Real Estate Development reported a fall of 40% year-on-year (YoY) in net profit after Zakat and tax to SAR 304.6 million for the fiscal year 2019, on lower property sales.



Financials (M)

Item 2018 2019 Change‬
Revenues 6,412.27 3,491.86 (45.5 %)
Gross Income 1,057.15 824.44 (22.0 %)
Operating Income 888.21 649.65 (26.9 %)
Net Income 508.81 304.59 (40.1 %)
Average Shares 1,080.00 1,080.00 -
Earnings Per Share before unusual items 0.47 0.28 (40.1 %)
EPS (Riyals) 0.47 0.28 (40.1 %)

Meanwhile, higher operating costs and lower income from associates were fully off-set by improved lease revenue, lower finance costs and increased non-operating income.

 

In Q4 2019, the real estate developer’s net profit after Zakat and tax surged to SAR 69.26 million from SAR 32.53 million in year-earlier period.



Current Quarter Comparison (M)

Compared With The
Item Q4 2018 Q4 2019 Change‬
Revenues 846.09 840.92 (0.6 %)
Gross Income 151.86 212.87 40.2 %
Operating Income 108.89 163.38 50.0 %
Net Income 32.53 69.26 112.9 %
Average Shares 1,080.00 1,080.00 -
Earnings Per Share before unusual items 0.03 0.06 112.9 %
EPS (Riyals) 0.03 0.06 112.9 %

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Share Price

Dar Alarkan Real Estate Development Co.
21.40
0.54 2.59 %

Dar Alarkan Real Estate Development Co. (DAR ALARKAN)

1 Day 2.59 % 5 Days 7.75 % 3 Months 53.96 % 6 Months 41.16 % Year 49.86 % 2 Years 37.71 % 5 Years 161.93 % All (43.33 %)
Created with Highstock 6.0.710:1510:3010:4010:5011:0511:3011:4011:5012:0012:1012:2012:3512:4512:5513:0513:4014:0014:2014:5015:1538.6038.8039.0039.2039.4039.6039.8040.0040.2040.40
Close : 39.90 | Mar 27, 15:16
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Financial Ratios
Current
Market Cap (M Riyal) 23,112.00
Enterprise Value (EV) (M) 27,817.19
Shares Outstanding ((M)) 1,080.00
EPS ( Riyal) (TTM) 0.75
Book Value (BV) ( Riyal) 19.53
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 28.61
P/E (TTM) 28.61
Price/book 1.10
Return on Average Assets (%) (TTM) 2.3
Return on Average Equity (%) (TTM) 3.0
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