Its Board of Directors approved the financial results report for the first quarter of 2022:
The agreement with the National Investments Company as a market maker for Dalqan Real Estate share is a qualitative step to support share stability and achieve sustainable returns for shareholders.
Kuwait - May 2022:
Dalqan Real Etate Board of Directors approved the financial results for the first quarter of this year ending on March 31, 2022, which indicated 139.54% increase in Earnings per Share, reaching 0.84 fils compared to 0.35 fils in the first quarter of 2021.
The report revealed 32.19% increase in the company’s Total Operating Revenue in the first quarter of the current year, reaching 73,365 thousand dinars, compared to 55,496 thousand dinars in the first quarter of 2021, and 139.54% increase in Net Profit reaching 50,560 thousand dinars in the first quarter ending On March 31, 2022, compared to 21,107 thousand dinars in the same period last year.
The report indicated that the Total Equity attributable to the owners of the parent company increased by 0.97%, reaching 6,719,997 million dinars in the first quarter of the current year, compared to 6,655,287 million dinars in the first quarter of last year.
Vice Chairman of Dalqan Real Estate Board of Directors, Abdullah Al-Mutairi stressed the strength and solidity of the company’s financial position, and its ability to flexibly and consistently evolve and deal with the surrounding updates, pointing to the company’s focus on laying the necessary foundations to achieve its future vision, which is to provide integrated services in the real estate sector that contribute to improving the quality of The life and developing our societies’ business environment.