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Saudi Dar Al Arkan Q1 net up 7pc

Riyadh, April 21, 2012

Saudi Arabian real estate company Dar Al Arkan said on Saturday its first quarter net profit rose 7.1 per cent year-on-year due to improved gross margins in real estate sales.

The firm posted a net profit of SR292.6 million ($78.02 million) in the first quarter of 2012, compared with SR273.1 million in the same period last year, it said in a statement on the bourse website.-Reuters




Tags: Saudi | real estate | Dar Al Arkan |

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