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Dar Al Arkan profits down 10%
- Saudi Arabia: Sunday, July 12 - 2009 at 10:16
Dar al Arkan Real Estate Development, Saudi Arabia's largest developer by market value, has reported a 10.1% drop in its second-quarter profit, after a drop in sales of housing units, Reuters has reported. Second-quarter earnings amounted to SR618.3m ($164.9m). Operating profit had dropped by 14.6% to SR668.2m, the company has said.
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StaffSunday, July 12 - 2009 at 10:16 UAE local time (GMT+4)
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