Dar Al-Arkan Q3 profits down
- Saudi Arabia: Sunday, October 11 - 2009 at 10:21
Saudi Arabia's largest developer by market value, Dar al-Arkan Real Estate Development Co. has posted a 14.4% drop in third-quarter net profit due to the slowdown in the property sector, Reuters has reported. Net profit was SR616.2m ($164.3m) in the three months to September 30, down from SR719.5m a year earlier. Revenues stood at SR1.52bn in the three-month period, up from SR1.48bn a year earlier, the developer said.
Related Content
Article Options
Disclaimer »
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions

Staff



