Dar Al Arkan Real Estate Development Third Quarter 2024 Earnings: EPS: ر.س0.13 (vs ر.س0.14 in 3Q 2023)

Simply Wall St

November 14, 2024

Dar Al Arkan Real Estate Development (TADAWUL:4300) Third Quarter 2024 Results

Key Financial Results

Revenue: ر.س918.7m (up 28% from 3Q 2023).
Net income: ر.س134.7m (down 11% from 3Q 2023).
Profit margin: 15% (down from 21% in 3Q 2023). The decrease in margin was driven by higher expenses.
EPS: ر.س0.13 (down from ر.س0.14 in 3Q 2023).

earnings-and-revenue-growth — SASE:4300 Earnings and Revenue Growth November 14th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Dar Al Arkan Real Estate Development Earnings Insights

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Real Estate industry in Saudi Arabia.

Performance of the Saudi Real Estate industry.

The company's shares are up 1.7% from a week ago.

Valuation

Our analysis of these results suggests Dar Al Arkan Real Estate Development may be overvalued based on 6 important criteria we look at. Click here to view our comprehensive analysis and gain insights into the stock's investment prospects.

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This article by Simply Wall St is general in nature. We provide commentary 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. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.