- Dar Al Arkan reported a 45% increase in second quarter profit, reaching 238.6 million riyals compared to 165.1 million riyals last year.
- Revenue decreased by 11% year-on-year, amounting to 852.1 million riyals.
- The company’s operating profit rose by 11%, totaling 353.4 million riyals.
- The company attributes the increased net income to higher margins achieved in property sales.
- A rise in revenues from project management and contracting played a role in boosting the profit figures.
- Additional factors contributing to the profit increase include higher lease revenue, reduced finance costs, lower operating expenses, and increased non-operating income from Islamic murabaha deposits.
- Analyst sentiment on the company comprises 0 buy recommendations, 3 hold recommendations, and 1 sell recommendation.
“`
A look at Dar Al Arkan Real Estate Devel Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 1 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Dar Al Arkan Real Estate Development Company shows promising long-term potential. With high scores in Value and Growth, indicating strong value and growth prospects, the company appears to be positioned well for future success. Additionally, its respectable scores in Resilience and Momentum suggest a level of stability and positive market momentum.
Dar Al Arkan Real Estate Devel is a property development company focusing on commercial and residential properties. Its high scores on Value and Growth reflect favorable indicators for the company’s overall outlook, showing potential for both value appreciation and expansion. While its Dividend score is lower, the company’s strengths in other areas bode well for its long-term performance in the real estate development sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
