Alarkan Saudi Arabia Posts Q2 Profit
Saudi Arabia's Dar Al Arkan company recorded a net profit of 238.74 million Saudi Riyals in the second quarter of the year, a slight increase of 0.05% compared to the same period last year, amid strong growth in real estate sales and improved operational efficiency. Revenues rose by 38.47% to 1.18 billion Riyals due to increased sales, while operating profit jumped by 36.63% to 482.88 million Riyals, reflecting the company’s solid performance. Despite higher financing costs, the company was able to achieve net profit stability thanks to reduced operating expenses and increased non-operating revenues.
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