Mulkia Gulf Real Estate REIT Fund has reported an operating profit of SAR 20.34 million (SAR 0.34/ unit) in H1 2019.
Mulkia REIT Income Statement (SAR mln) |
|||
Item |
H1 2018 |
H2 2019 |
Variance% |
Revenue (SAR mln) |
26.32 |
28.98 |
+10% |
Net operating profit (SAR mln) |
17.96 |
20.34 |
+13% |
Net operating profit per unit |
0.30 |
0.34 |
+13% |
Net profit (SAR mln) |
14.37 |
19.96 |
+39% |
Number of units (mln units) |
60.0 |
60.0 |
-- |
Earnings per unit |
0.24 |
0.33 |
+39% |
A total of SAR 3.56 million in asset impairment losses were written back in the current quarter.
Net book value of assets stood at SAR 585.7 million, with a unit book value at SAR 9.76 at the end of June 2019.
Total operating expenses reached SAR 8.64 million, and depreciation expenses hit SAR 3.97 million in H1 2019.
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