The profits of Dar Al-Arkan Real Estate Development Saudi Arabia decreased by 86% to reach 10.4 million riyals in the second quarter of 2020, compared to 74.9 million riyals in the same quarter of the year The past.
According to Arabiya Net, profits decreased by 16.5%, compared to those achieved in the previous quarter, which were 12.4 million riyals.
During the first half of 2020, Dar Al-Arkan achieved profits of 22.7 million riyals, compared to 100.4 million riyals, in the first half of 2019, a decline of 77%. < / p>
Dar Al-Arkan attributed the decline in net profit mainly to the decline in real estate sales.
and she said that the decrease in rental income in addition to the increase in financing burdens has been partially offset by the decrease in operating expenses and the increase in other non-operating income achieved from Islamic murabahah and investment income in Associates, which had an impact on net income.
(Amazon fun knowledge)
