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

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).

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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