Investor Presentaiton
Bottom-Line Pressure From Non-Recurring Items
FFO | SAR MN(1)
-FFO Margin
Net Income | SAR MN
Net Income Margin
52.4%
49.8%
50.6%
36.4%
36.9%
39.6%
49.3%
29.2%
32.2%
43.7%
1,075
1,101
960
786
804
643
300
234
FY18
FY19
FY20
1QFY20
1QFY21
FY18
FY19
FY20
227
153
1QFY20
1QFY21
FFO fell by 21.9% y-o-y to book SAR 234.4 million for
1QFY21, yielding a FFO margin of 49.3% against the
52.4% recorded one year previously.
Net profit decreased by 32.5% y-o-y in 1Q-FY21 on
account of higher depreciation and interest expense on
lease liabilities, increased advertising and promotional
expenses and an impairment loss on accounts receivable.
1)
Fund from operations: net profit for the year plus depreciation of investment properties and PP&E and write-off of investment properties, if applicable.
Arabian Centres Company • Investor Presentation
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