Dolmen City REIT (DCR): 1QFY22 Result Review: Stance Reiterated to BUY – By Abbasi Research

<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">DCR has announced its 1QFY22 result where it posted a profit after tax of Rs 706mn as compared to profit after tax of Rs 554mn in the same period last year, up by 27.4% YoY.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The company has posted a revenue of Rs 810mn against Rs 620mn in SPLY, recording a surge of 30.7% YoY. We note that this growth is attributed to the withdrawal of waivers provided by the management to its tenants amid the Covid-19 crisis</span></li><li><span style="font-size:medium;line-height:115%;font-family:Arial, Helvetica, sans-serif;">Administrative expenses have been decreased by 1.9% YoY to Rs 98mn. Other income has been declined by 59.8% YoY to Rs 22mn as compared to Rs 55mn during the ...