Interim Results for Dar Al Arkan Real Estate Development Company Have Been Released: Net Income Adds 7.1% According to BAC Company Report11 May 2012
LONDON – Dar Al Arkan has recently announced quarterly results for the period ended March 31 2012. According to the press release, the quarter returned stronger results than the corresponding period of 2011. Gross profit was SAR 367.5 M compared to the previous SAR 366.6 M (up 0.25%). Operating income equaled SAR 330.6 M, which is 2.7% higher than the previous result. Net income amounted to SAR 292.6 M against SAR 273.1 M of the last year. It is a 7.1% increase. Earnings per share were SAR 0.27 which is 8% higher than SAR 0.25 in Q1 2011.
The increase in the results is due to improved real estate sales, heated up by attractive infrastructure and location of company’s properties.
The results for FY 2011 comparing to 2010 follow:
- Revenue SAR 3.3 B (down 20%)
- Gross profit SAR 1.3 B (down 22.4%)
- Operating income SAR 1.25 B (down 22.7%)
- Ney income SAR 1.1 B (down 25.3%)
Founded in 1994 and headquartered in Riyadh (Saudi Arabia), Dar Al Arkan Real Estate Development Company is one of the leading real estate companies, engaged in residential properties. The company has six subsidiaries dealing with construction works, purchase and sale of properties, maintenance of real estates, and financial advisory services. Dar Al Arkan is public and trades on Saudi Stock Exchange under the ticker 4300.
Full information disclosure about the company’s business, risk factors, opportunities and experts’ forecasts can be found in the report "Dar Al Arkan Real Estate Development Company Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis" recently published by Market Publishers Ltd.
Title: Dar Al Arkan Real Estate Development Company Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis
Date: Apr, 2012
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