103 Days
Source:
الاقتصادية
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Source: الاقتصادية
103 Daysالاقتصادية
Source: الاقتصادية
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Dar Al Arkan Saudi Real Estate Development Company recorded a net profit of 238.74 million Riyals in the second quarter of the year, representing a slight increase of 0.05% compared to the same period last year, supported by higher real estate sales and improved operational efficiency. The company achieved revenues of 1.18 billion Riyals, up by 38.47% year-on-year due to increased sales. Gross profit rose by 29.44% to 531.80 million Riyals, with operating profit increasing by 36.63% to 482.88 million Riyals. Despite higher financing costs, the results were characterized by improved operational performance, continued growth in revenues and profits, although net profit declined on a quarterly basis by 8.26% due to sales costs and administrative expenses.
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