Dar Al Arkan’s profits grow by 12.7% during Q2 to 165.1 million riyals

Dar Al Arkan Real Estate Development Company’s net profit grew during the second quarter to 165.12 million riyals compared to 146.4 million riyals in the same quarter last year by 12.7%, following the announcement today of the preliminary financial results for the period ending June 30, 2024 (six months).

Operating profit amounted to 317.4 million riyals in the second quarter compared to 257.8 million riyals in the same quarter of the previous year, an increase of 23%.

Total equity (after excluding non-controlling interests) amounted to 20.5 billion riyals in the 6-month period compared to 19.8 billion riyals in the same period last year, an increase of 3.6%.

Earnings per share in the current period reached 0.3 riyals compared to 0.24 riyals in the same period last year.