PHOTO
Investors talk as they monitor screens displaying stock information at the Saudi Stock Exchange (Tadawul) in Riyadh. Faisal Al Nasser
Dar Al Arkan Real Estate Development Company generated SAR 318.71 million in net profit during the first half (H1) of 2024, an annual rise of 20.67% from SAR 264.10 million.
The revenues hit SAR 1.82 billion in H1-24, up 14.83% year-on-year (YoY) from SAR 1.59 billion, according to the interim financial results.
Earnings per share (EPS) grew to SAR 0.30 as of 30 June 2024 from SAR 0.24 in H1-23.
Financials for Q2-24
In the second quarter (Q2) of 2024, Dar Al Arkan recorded a 12.72% YoY growth in net profit to SAR 165.12 million, compared to SAR 146.48 million.
The sales grew by 16.37% to SAR 961.56 million in Q2-24 from SAR 826.23 million in Q2-23.
Quarterly, the profits registered in Q2-24 climbed by 7.50% from SAR 153.59 million in Q1-24, while the revenues hiked by 589.04% from SAR 139.55 million.
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