The net profits of Dar Al Arkan Real Estate Development Company (4300) increased by approximately 31% on a yearly basis in the first quarter of the current year, reaching 153.6 million riyals.
Real Estate
The Saudi real estate giant explained that its high profits are primarily attributed to the increase in property sales.
So What
Dar Al Arkan’s revenues increased during the three-month period ending on March 31st of the previous year. This amounted to approximately 13% on a yearly basis, reaching 865 million riyals.
Some Context
Earnings per share in the current quarter jumped to 0.14 riyals, compared to 0.11 riyals during the same period in 2023.
