Riyadh – Mubasher: Dar Al Arkan Real Estate Development Company achieved net profits valued at SAR 453.46 million in the first nine months (9M) of 2024, up 9% from SAR 416.01 million in 9M-23.
The sales hit SAR 2.74 billion in January-September 2024, higher by 19.03% than SAR 2.30 billion a year earlier, according to the interim financial statements.
Earnings per share (EPS) climbed year-on-year (YoY) to SAR 0.42 in 9M-24 from SAR 0.39.
Financials for Q3-24
In the third quarter (Q3) of 2024, the Saudi group recorded SAR 134.74 million in net profit, down 11.30% YoY from SAR 151.91 million.
Dar Al Arkan’s revenues jumped by 28.36% to SAR 918.73 million in Q3-24 from SAR 715.70 million in the year-ago period.
Quarterly, the Q3-24 net profits shrank by 18.39% from SAR 165.12 million in Q2-24, while the revenues fell by 4.45% from SAR 961.56 million.
