Dar Al Arkan Q1 profit falls 6%
Complex Made Simple

Dar Al Arkan Q1 profit falls 6%

Dar Al Arkan Q1 profit falls 6%

Saudi developer Dar Al Arkan has reported a 6% drop in first-quarter net profit, Reuters has reported. The firm made SR398.6m ($106.3m) in the three months to end-March, compared to SR424.5m a year earlier. "The decline in net profit stems from a slight decrease in average profit margins from sales that was caused by the geographic location of sold products," the company said.

    Author
    AMEinfo Staff

    AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.

    © 2021, ADigitalcom. All rights reserved