Al Andalus Property Company recorded a net loss of SAR 31.6 million by the end of 2024, compared to a profit of SAR 36 million in 2023, according to its preliminary financial results for the period ending December 31, 2024.
Operating profit dropped 56% to SAR 47 million, down from SAR 107 million in the previous year. Shareholders’ equity (excluding non-controlling interests) also declined 5% to SAR 1.01 billion in 2024, compared to SAR 1.07 billion in 2023.
Loss per share (LPS) stood at SAR 0.3493 in 2024, compared to earnings per share (EPS) of SAR 0.39 in 2023.
