Dar Al-Arkan posts 6% decline in Q1 profit

18 Apr 2010

(MENAFN) A statement issued by Dar Al Arkan Real Estate Development Company said that the Saudi developer saw a 6 percent decline in its first-quarter net profit, Reuters reported.

Dar Al Arkan said that it made $106.3 million net profit in the three-month period, compared to $113.2 million net profit earned in the same period a year earlier, the statement said.

The homebuilder blamed the decline on a slight drop in average profit margins from sales that was caused by the geographic location of sold products, according to the statement.

More News

This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more

This site is registered on as a development site.