Saudi Dar Al Arkan posts 29% fall in Q4
Complex Made Simple

Saudi Dar Al Arkan posts 29% fall in Q4

Saudi Dar Al Arkan posts 29% fall in Q4

Saudi Arabia's Dar Al Arkan has posted a 29% fall in fourth-quarter net profit to SR330.4m ($88.10m) from SR464m a year earlier, Reuters has reported. Operating profit also fell by 32% to SR350.1m in the quarter. The developer blamed a lower sales volume for the profit fall in 2010 but gave no details.

    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