Arkaan Real Estate P.L.C (PEX: ARKAAN)

Arkaan Real Estate P.L.C Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022
Revenue	11.09	13.48	31.46
Revenue Growth (YoY)	-64.75%	-57.16%	-
Cost of Revenue	5.62	7.71	20.48
Gross Profit	5.47	5.77	10.99
Selling, General & Admin	2.64	2.59	2.22
Operating Expenses	17.58	16.07	3.23
Operating Income	-12.11	-10.29	7.75
Interest & Investment Income	16.47	13.48	2.67
Earnings From Equity Investments	0.56	2.03	2.37
Currency Exchange Gain (Loss)	0.26	0.26	-0.08
Other Non Operating Income (Expenses)	-2.68	-0.47	0.18
EBT Excluding Unusual Items	2.51	5	12.88
Gain (Loss) on Sale of Investments	0.17	-1.03	0.3
Gain (Loss) on Sale of Assets	-	0.02	-
Asset Writedown	-9.2	-9.2	-0.43
Other Unusual Items	-3.03	-3.03	-0.17
Pretax Income	-9.55	-8.24	12.58
Income Tax Expense	1.64	1.75	1.41
Earnings From Continuing Operations	-11.2	-9.99	11.17
Minority Interest in Earnings	2.57	1.86	-2.46
Net Income	-8.63	-8.12	8.71
Net Income to Common	-8.63	-8.12	8.71
Shares Outstanding (Basic)	131	132	132
Shares Outstanding (Diluted)	131	132	132
Shares Change (YoY)	-0.60%	-	-
EPS (Basic)	-0.07	-0.06	0.07
EPS (Diluted)	-0.07	-0.06	0.07
Free Cash Flow	-14.47	-17.03	24.19
Free Cash Flow Per Share	-0.11	-0.13	0.18
Gross Margin	49.36%	42.83%	34.92%
Operating Margin	-109.20%	-76.38%	24.64%
Profit Margin	-77.81%	-60.25%	27.68%
Free Cash Flow Margin	-130.51%	-126.37%	76.87%
EBITDA	-11.97	-10.17	7.81
EBITDA Margin	-107.94%	-75.48%	24.81%
D&A For EBITDA	0.14	0.12	0.05
EBIT	-12.11	-10.29	7.75
EBIT Margin	-109.20%	-76.38%	24.64%
Effective Tax Rate	-	-	11.23%

Source: S&P Capital IQ. Standard template. Financial Sources.