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Earnings per share amounted to SAR 0.03 in Q1-21, compared with SAR 0.01 in Q1-20, according to the interim financial results.
Sales decreased 6% to SAR 554.84 million in Q1-21 from SAR 593.02 million in Q1-20.
The company attributed the growth in Q1-21 net profit to “higher margin achieved on property sale.”
Quarter-on-quarter (QoQ), Dar Alarkan’s profits in Q1-21 were 128% higher than SAR 12.5 million in the fourth quarter (Q4) of 2020.
The sales also came higher by 11.8% in Q1-21 when compared to SAR 496.26 million in Q4-20.
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