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Dar Alarkan Net Profits Up over 2x

Dar Alarkan Net Profits Up over 2x

Saudi property developer Dar Al Arkan saw a 130% YoY jump in Q1 profits to SAR 28.5mn ($7.6mn). The profits grew even as sales fell 6% during the period to AED 554.8mn ($148mn). The higher profits were on account of “higher margin achieved on property sale.”...
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