Dar Al Arkan Q3 profit down 17pc
Riyadh, October 25, 2013
Saudi Arabia's Dar Al Arkan, the kingdom's largest property developer, said its third-quarter net profit fell by 17 per cent, in line with analysts' expectations.
The firm made SR183.3 million ($48.9 million) in the three months ending September 30, compared with SR220.9 million in the same period a year earlier, it said in a bourse statement.
Eight analysts surveyed by Reuters expected the firm to post, on average, 184.6 million riyals for the period.-Reuters