Financial Results : Dar Al-Arkan’s net profit doubled in 9M 2018

Dar Al-Arkan’s net profit doubled in 9M 2018

05/11/2018 Argaam Exclusive

View other reports

Dar Al-Arkan Real Estate Development Co. reported a net profit of SAR 476.3 million for the first nine months of 2018, more than double from a year earlier, mainly due to higher property sales.



Financials (M)

Item 9m 2017 9m 2018 Change‬
Revenues 2,299.56 5,566.17 142.1 %
Gross Income 648.64 905.29 39.6 %
Operating Income 523.14 779.32 49.0 %
Net Income 232.69 476.28 104.7 %
Average Shares 1,080.00 1,080.00 -
EPS (Riyals) 0.22 0.44 104.7 %

The company’s net profit for the third quarter plunged 82.5 percent year-on-year (YoY) to SAR 36.7 million on lower property sales.

 

On a sequential basis, net profit dropped 66.2 percent versus the previous quarter due to a decrease in property sales.  



Current Quarter Comparison (M)

Compared With The
Item Q3 2017 Q3 2018 Change‬
Revenues 1,482.74 987.63 (33.4 %)
Gross Income 352.81 164.67 (53.3 %)
Operating Income 312.16 124.22 (60.2 %)
Net Income 209.62 36.73 (82.5 %)
Average Shares 1,080.00 1,080.00 -
EPS (Riyals) 0.19 0.03 (82.5 %)


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
Q1 2009 1,237.72 0.3 % 512.83 (12.6 %) 474.22 (13.5 %)
Q2 2009 1,482.37 (4.4 %) 712.82 (14.7 %) 668.21 (14.6 %)
Q3 2009 1,523.47 (2.8 %) 714.19 (16.9 %) 665.50 (17.1 %)
Q4 2009 1,220.50 (3.1 %) 567.29 0.7 % 512.92 0.2 %
Q1 2010 1,144.94 (7.5 %) 478.42 (6.7 %) 435.24 (8.2 %)
Q2 2010 1,114.44 (24.8 %) 530.85 (25.5 %) 492.01 (26.4 %)
Q3 2010 910.21 (40.3 %) 374.90 (47.5 %) 340.28 (48.9 %)
Q4 2010 972.39 (20.3 %) 380.09 (33.0 %) 350.13 (31.7 %)
Q1 2011 955.15 (16.6 %) 366.63 (23.4 %) 339.56 (22.0 %)
Q2 2011 791.24 (29.0 %) 337.74 (36.4 %) 305.74 (37.9 %)
Q3 2011 755.19 (17.0 %) 320.63 (14.5 %) 289.89 (14.8 %)
Q4 2011 810.93 (16.6 %) 344.02 (9.5 %) 315.23 (10.0 %)
Q1 2012 868.19 (9.1 %) 367.46 0.2 % 335.23 (1.3 %)
Q2 2012 1,083.51 36.9 % 388.05 14.9 % 346.72 13.4 %
Q3 2012 728.52 (3.5 %) 329.38 2.7 % 280.40 (3.3 %)
Q4 2012 876.85 8.1 % 308.83 (10.2 %) 256.27 (18.7 %)
Q1 2013 835.82 (3.7 %) 375.58 2.2 % 323.22 (3.6 %)
Q2 2013 680.86 (37.2 %) 208.07 (46.4 %) 180.19 (48.0 %)
Q3 2013 721.56 (1.0 %) 306.46 (7.0 %) 265.04 (5.5 %)
Q4 2013 692.93 (21.0 %) 262.97 (14.8 %) 229.59 (10.4 %)
Q1 2014 924.09 10.6 % 402.77 7.2 % 348.43 7.8 %
Q2 2014 774.21 13.7 % 294.24 41.4 % 233.14 29.4 %
Q3 2014 751.01 4.1 % 296.13 (3.4 %) 225.31 (15.0 %)
Q4 2014 606.75 (12.4 %) 306.11 16.4 % 251.24 9.4 %
Q1 2015 722.36 (21.8 %) 330.92 (17.8 %) 268.66 (22.9 %)
Q2 2015 528.69 (31.7 %) 229.36 (22.0 %) 171.39 (26.5 %)
Q3 2015 540.95 (28.0 %) 242.16 (18.2 %) 190.56 (15.4 %)
Q4 2015 419.35 (30.9 %) 180.79 (40.9 %) 144.80 (42.4 %)
Q1 2016 434.61 (39.8 %) 191.60 (42.1 %) 153.29 (42.9 %)
Q2 2016 407.56 (22.9 %) 184.70 (19.5 %) 139.34 (18.7 %)
Q3 2016 617.57 14.2 % 245.20 1.3 % 210.22 10.3 %
Q4 2016 410.49 (2.1 %) 170.46 (5.7 %) 129.07 (10.9 %)
Q1 2017 360.33 (17.1 %) 135.69 (29.2 %) 97.20 (36.6 %)
Q2 2017 456.49 12.0 % 160.14 (13.3 %) 113.78 (18.3 %)
Q3 2017 1,482.74 140.1 % 352.81 43.9 % 312.16 48.5 %
Q4 2017 2,435.12 493.2 % 465.37 173.0 % 428.87 232.3 %
Q1 2018 2,793.91 675.4 % 474.61 249.8 % 436.45 349.0 %
Q2 2018 1,784.80 291.0 % 266.17 66.2 % 218.82 92.3 %
Q3 2018 987.63 (33.4 %) 164.67 (53.3 %) 124.22 (60.2 %)


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
Q1 2009 424.52 (6.2 %) 0.39 - 424.52 0.39
Q2 2009 618.27 (10.1 %) 0.57 - 618.27 0.57
Q3 2009 616.15 (14.4 %) 0.57 - 616.15 0.57
Q4 2009 463.74 (6.6 %) 0.43 - 463.74 0.43
Q1 2010 398.65 (6.1 %) 0.37 - 398.65 0.37
Q2 2010 437.00 (29.3 %) 0.40 - 437.00 0.40
Q3 2010 289.63 (53.0 %) 0.27 - 289.63 0.27
Q4 2010 330.44 (28.7 %) 0.31 - 330.44 0.31
Q1 2011 273.09 (31.5 %) 0.25 - 273.09 0.25
Q2 2011 297.77 (31.9 %) 0.28 - 297.77 0.28
Q3 2011 227.47 (21.5 %) 0.21 - 227.47 0.21
Q4 2011 289.61 (12.4 %) 0.27 - 289.61 0.27
Q1 2012 292.59 7.1 % 0.27 - 292.59 0.27
Q2 2012 331.03 11.2 % 0.31 - 331.03 0.31
Q3 2012 220.89 (2.9 %) 0.20 56.70 164.19 0.15
Q4 2012 144.04 (50.3 %) 0.13 - 144.04 0.13
Q1 2013 237.61 (18.8 %) 0.22 - 237.61 0.22
Q2 2013 103.70 (68.7 %) 0.10 - 103.70 0.10
Q3 2013 183.32 (17.0 %) 0.17 - 183.32 0.17
Q4 2013 156.83 8.9 % 0.15 - 156.83 0.15
Q1 2014 247.86 4.3 % 0.23 - 247.86 0.23
Q2 2014 121.34 17.0 % 0.11 - 121.34 0.11
Q3 2014 89.90 (51.0 %) 0.08 - 89.90 0.08
Q4 2014 115.60 (26.3 %) 0.11 - 115.60 0.11
Q1 2015 147.29 (40.6 %) 0.14 - 147.29 0.14
Q2 2015 70.48 (41.9 %) 0.07 - 70.48 0.07
Q3 2015 92.73 3.1 % 0.09 - 92.73 0.09
Q4 2015 48.66 (57.9 %) 0.05 - 48.66 0.05
Q1 2016 57.85 (60.7 %) 0.05 - 57.85 0.05
Q2 2016 43.23 (38.7 %) 0.04 - 43.23 0.04
Q3 2016 112.47 21.3 % 0.10 - 112.47 0.10
Q4 2016 37.29 (23.4 %) 0.03 - 37.29 0.03
Q1 2017 12.13 (79.0 %) 0.01 - 12.13 0.01
Q2 2017 10.94 (74.7 %) 0.01 - 10.94 0.01
Q3 2017 209.62 86.4 % 0.19 - 209.62 0.19
Q4 2017 320.68 760.0 % 0.30 - 320.68 0.30
Q1 2018 331.12 2629.1 % 0.31 - 331.12 0.31
Q2 2018 108.60 892.3 % 0.10 - 108.60 0.10
Q3 2018 36.73 (82.5 %) 0.03 - 36.73 0.03

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2009 49.36 % 46.59 % 41.47 %
Q2 2009 47.75 % 45.03 % 40.72 %
Q3 2009 45.49 % 42.72 % 39.17 %
Q4 2009 45.88 % 43.22 % 38.85 %
Q1 2010 46.04 % 43.25 % 39.04 %
Q2 2010 45.78 % 42.93 % 38.29 %
Q3 2010 44.45 % 41.53 % 36.20 %
Q4 2010 42.59 % 40.02 % 35.15 %
Q1 2011 41.81 % 39.46 % 33.66 %
Q2 2011 40.21 % 37.78 % 32.82 %
Q3 2011 40.45 % 37.95 % 32.49 %
Q4 2011 41.33 % 38.76 % 32.84 %
Q1 2012 42.47 % 39.68 % 34.33 %
Q2 2012 40.37 % 37.50 % 32.43 %
Q3 2012 40.93 % 37.66 % 30.86 %
Q4 2012 39.18 % 35.45 % 26.20 %
Q1 2013 39.77 % 35.51 % 24.88 %
Q2 2013 39.14 % 34.94 % 20.80 %
Q3 2013 38.49 % 34.52 % 21.47 %
Q4 2013 39.34 % 35.77 % 23.25 %
Q1 2014 39.09 % 35.67 % 22.91 %
Q2 2014 40.68 % 36.30 % 22.79 %
Q3 2014 39.97 % 34.70 % 19.60 %
Q4 2014 42.51 % 36.47 % 18.81 %
Q1 2015 43.00 % 36.39 % 16.61 %
Q2 2015 44.56 % 37.60 % 16.22 %
Q3 2015 46.21 % 39.61 % 17.76 %
Q4 2015 44.46 % 38.36 % 16.24 %
Q1 2016 43.87 % 38.20 % 14.02 %
Q2 2016 44.34 % 39.09 % 13.45 %
Q3 2016 42.69 % 38.63 % 13.95 %
Q4 2016 42.34 % 37.93 % 13.41 %
Q1 2017 40.98 % 36.42 % 11.42 %
Q2 2017 38.57 % 34.05 % 9.37 %
Q3 2017 30.22 % 27.00 % 9.96 %
Q4 2017 23.53 % 21.73 % 11.69 %
Q1 2018 20.27 % 19.08 % 12.17 %
Q2 2018 18.35 % 17.34 % 11.42 %
Q3 2018 17.13 % 16.05 % 9.96 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
Q1 2009 1,080.00 2.16 2.16 11.26
Q2 2009 1,080.00 2.09 2.09 11.83
Q3 2009 1,080.00 2.00 2.00 12.40
Q4 2009 1,080.00 1.97 1.97 12.83
Q1 2010 1,080.00 1.94 1.94 13.20
Q2 2010 1,080.00 1.77 1.77 12.61
Q3 2010 1,080.00 1.47 1.47 12.87
Q4 2010 1,080.00 1.35 1.35 13.18
Q1 2011 1,080.00 1.23 1.23 13.43
Q2 2011 1,080.00 1.10 1.10 13.71
Q3 2011 1,080.00 1.05 1.05 13.92
Q4 2011 1,080.00 1.01 1.01 14.19
Q1 2012 1,080.00 1.03 1.03 14.46
Q2 2012 1,080.00 1.06 1.06 14.77
Q3 2012 1,080.00 1.05 1.00 14.97
Q4 2012 1,080.00 0.92 0.86 15.10
Q1 2013 1,080.00 0.86 0.81 15.32
Q2 2013 1,080.00 0.65 0.60 15.42
Q3 2013 1,080.00 0.62 0.62 15.59
Q4 2013 1,080.00 0.63 0.63 15.73
Q1 2014 1,080.00 0.64 0.64 15.96
Q2 2014 1,080.00 0.66 0.66 16.08
Q3 2014 1,080.00 0.57 0.57 16.16
Q4 2014 1,080.00 0.53 0.53 16.27
Q1 2015 1,080.00 0.44 0.44 16.40
Q2 2015 1,080.00 0.39 0.39 16.47
Q3 2015 1,080.00 0.39 0.39 16.55
Q4 2015 1,080.00 0.33 0.33 16.60
Q1 2016 1,080.00 0.25 0.25 16.65
Q2 2016 1,080.00 0.22 0.22 16.69
Q3 2016 1,080.00 0.24 0.24 16.80
Q4 2016 1,080.00 0.23 0.23 16.83
Q1 2017 1,080.00 0.19 0.19 16.84
Q2 2017 1,080.00 0.16 0.16 16.85
Q3 2017 1,080.00 0.25 0.25 17.05
Q4 2017 1,080.00 0.51 0.51 17.35
Q1 2018 1,080.00 0.81 0.81 17.65
Q2 2018 1,080.00 0.90 0.90 17.25
Q3 2018 1,080.00 0.74 0.74 17.29

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2009 6.08 6.08 1.16
Q2 2009 8.48 8.48 1.50
Q3 2009 7.94 7.94 1.28
Q4 2009 7.15 7.15 1.09
Q1 2010 7.29 7.29 1.07
Q2 2010 6.65 6.65 0.94
Q3 2010 6.93 6.93 0.79
Q4 2010 6.68 6.68 0.68
Q1 2011 7.84 7.84 0.72
Q2 2011 7.12 7.12 0.57
Q3 2011 5.98 5.98 0.45
Q4 2011 7.20 7.20 0.51
Q1 2012 12.78 12.78 0.91
Q2 2012 8.57 8.57 0.61
Q3 2012 8.52 8.97 0.60
Q4 2012 9.01 9.56 0.55
Q1 2013 9.54 10.16 0.54
Q2 2013 15.90 17.29 0.67
Q3 2013 16.31 16.31 0.65
Q4 2013 15.61 15.61 0.63
Q1 2014 19.52 19.52 0.78
Q2 2014 18.80 18.80 0.77
Q3 2014 24.41 24.41 0.86
Q4 2014 15.28 15.28 0.50
Q1 2015 19.52 19.52 0.52
Q2 2015 23.17 23.17 0.55
Q3 2015 17.64 17.64 0.42
Q4 2015 18.64 18.64 0.37
Q1 2016 21.02 21.02 0.32
Q2 2016 28.86 28.86 0.39
Q3 2016 19.56 19.56 0.28
Q4 2016 26.52 26.52 0.37
Q1 2017 31.54 31.54 0.36
Q2 2017 41.87 41.87 0.40
Q3 2017 26.00 26.00 0.38
Q4 2017 28.10 28.10 0.83
Q1 2018 15.52 15.52 0.71
Q2 2018 11.74 11.74 0.61
Q3 2018 13.51 13.51 0.58

Business Segments (Million)

Compared With The
Period Real estate development property Leasing Sale of Land Sale of residential properties
Q1 2009 - - 1,117.60 120.11
Q2 2009 - - 1,330.76 151.61
Q3 2009 - - 1,400.67 122.80
Q4 2009 - - 1,095.70 124.80
Q1 2010 - - 1,026.97 117.97
Q2 2010 - - 980.19 134.24
Q3 2010 - - 831.26 78.95
Q4 2010 - - 926.88 45.51
Q1 2011 - 5.23 938.54 11.39
Q2 2011 - 2.78 757.68 30.77
Q3 2011 - 3.30 729.91 21.98
Q4 2011 - 3.69 794.04 13.20
Q1 2012 - 4.66 850.75 12.79
Q2 2012 - 5.04 1,072.63 5.84
Q3 2012 - 17.35 708.06 3.12
Q4 2012 - 25.74 847.56 3.55
Q1 2013 - 24.92 810.91 -
Q2 2013 - 27.62 652.78 0.46
Q3 2013 - 27.81 693.75 -
Q4 2013 - 28.09 664.84 -
Q1 2014 - 31.22 892.87 -
Q2 2014 - 31.02 735.19 8.00
Q3 2014 - 29.81 721.20 -
Q4 2014 - 32.57 574.17 -
Q1 2015 - 32.85 689.51 -
Q2 2015 - 33.12 495.57 -
Q3 2015 - 35.02 505.93 -
Q4 2015 - 35.09 384.26 -
Q1 2016 - 36.69 397.92 -
Q2 2016 - 36.93 370.63 -
Q3 2016 - 34.51 583.06 -
Q4 2016 - 37.42 373.08 -
Q1 2017 - 38.82 321.51 -
Q2 2017 - 36.23 417.20 -
Q3 2017 - 36.41 1,445.21 1.13
Q4 2017 - 38.40 2,400.90 -
Q1 2018 2,759.90 34.02 - -
Q2 2018 1,750.72 34.08 - -
Q3 2018 955.17 32.29 - -

Analysts Estimates (Million)

Item Q3 2018 (e) Q3 2018 (a) Change‬
Average 90.00 36.73 (59.2 %)

Estimates vs Actual (Million)

Item Q3 2018 (e) Q3 2018 (a) Change
SNB Capital 90.00 36.73 (59.2) %


Financial Ratios
Current
Market Cap (M Riyal) 18,144.00
Enterprise Value (EV) (M) 23,453.20
Shares Outstanding ((M)) 1,080.00
EPS ( Riyal) (TTM) 0.60
Book Value (BV) ( Riyal) 19.19
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 27.99
P/E (TTM) 27.99
Price/book 0.88
Return on Average Assets (%) (TTM) 1.9
Return on Average Equity (%) (TTM) 3.2
more

Share Price

Dar Alarkan Real Estate Development Co.
16.80
0.08 0.48 %

Dar Alarkan Real Estate Development Co. (DAR ALARKAN)

More

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.