Jadwa REIT Al Haramain Fund reported a net profit of SAR 9.01 million (SAR 0.14 per unit) for the first half of 2019, down by 23 percent year-on-year (YoY), the fund manager said in a bourse statement.
Operating income dropped to SAR 14.99 million (SAR 0.23 a unit) in the six-month period, compared to SAR 17.73 million in year-earlier period.
|
Income Statement (SAR mln) |
|||
|
Period |
H1 2018 |
H1 2019 |
Change % |
|
Revenue (SAR mln) |
26.59 |
26.95 |
+1% |
|
Net operating income (SAR mln) |
17.73 |
14.99 |
(15%) |
|
Net Operating income per unit (SAR) |
0.27 |
0.23 |
(15%) |
|
Net Profit (SAR mln) |
11.82 |
9.12 |
(23%) |
|
Number of units (mln) |
66.0 |
66.0 |
-- |
|
Earning per unit (SAR/unit) |
0.18 |
0.14 |
(23%) |
Operating expenses for the period reached SAR 11.96 million in addition to a depreciation in real estate investment of SAR 5.98 million.
Net assets at book value stood at SAR 637 million, while the unit's book value was at SAR 9.65 as of June 30, 2019.
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