Arab Today, arab today saudi\s dar al arkan says q4 profit down 12
Last Updated : GMT 14:19:51
Arab Today, arab today
Arab Today, arab today

Saudi\'s Dar Al Arkan says Q4 profit down 12%

Arab Today, arab today

Arab Today, arab today Saudi\'s Dar Al Arkan says Q4 profit down 12%

Riyadh - Arabstoday

Saudi Arabian real estate company Dar Al Arkan said on Wednesday its fourth quarter net profit fell 12.3 percent on the year due to lower land and residential sales. The kingdom\'s largest listed developer said its profit for the final three months of 2011 was SR289.6m ($77.22m), compared with SR330.4m in the same period in 2010. The result beat analyst expectations, with Global Investment House forecasting it would earn SR264m and SICO Bahrain pencilling in SR277m for the fourth quarter. In a statement posted on the website of the Saudi bourse, Dar Al Arkan said the fall in revenue from the last quarter of 2011 was due to \"lower land sales as the company sought to enhance gross margins and lower residential sales due to lower available completed units.\" The company\'s net profit rose by 27.3 percent from its third quarter net earnings, the company said, attributing the rise to higher land demand. Earnings per share over the year were 1.01 riyals, compared to 1.35 riyals in 2010.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today saudi\s dar al arkan says q4 profit down 12 Arab Today, arab today saudi\s dar al arkan says q4 profit down 12

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today saudi\s dar al arkan says q4 profit down 12 Arab Today, arab today saudi\s dar al arkan says q4 profit down 12

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: عقارات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday