Saudi developer Dar Al Arkan reveals profits decrease
Complex Made Simple

Saudi developer Dar Al Arkan reveals profits decrease

Saudi developer Dar Al Arkan reveals profits decrease

Saudi developer, Dar Al Arkan has posted a 29.3% decline in net profit for the second quarter of 2010, mainly due to the lower volume of the areas of land sold. The developer made a net income of SR437m ($116.5m) in the three months to end-June, compared to SR618.3m for the same period last year. However, the second-quarter profit was 9.6% higher than the SR398.6m recorded in the previous quarter.

    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