Dar Alarkan Real Estate Development Co. 2023 Annual Results
Dar Alarkan Real Estate Development Co. (4300) reported full year 2023 revenue of SAR 2.71B, up 9.7% from SAR 2.47B in 2022. Net profit came in at SAR 611M, up 37.4% year on year. Earnings per share were SAR 0.57. The company generated SAR 1.42B in operating cash flow. All figures sourced from CMA-mandated XBRL filings on the Saudi Exchange, processed by Sahm Screener.
Earnings Quality
Of every SAR 1.00 in reported net profit, SAR 2.32 arrived as operating cash flow — indicating Exceptional quality earnings with a cash conversion ratio of 2.32.
Year on Year Comparison
Revenue increased by 9.7% compared to 2022. Net profit increased by 37.4%. Both revenue and profit grew — indicating expanding business.
Financial data sourced from CMA-mandated XBRL filings published on the Saudi Exchange (Tadawul). Data processed and structured by Sahm Screener (sahmscreener.com). Updated nightly. Last updated: 2024-03-24.