Riyadh – Mubasher: Dar Alarkan Real Estate Development Company has posted a year-on-year (YoY) surge of 605.26% in net profits after Zakat and tax to SAR 132.52 million in 2021, compared to SAR 18.79 million.

The company’s revenues hiked by 28.18% to SAR 2.49 billion last year from SAR 1.94 billion in 2020, according to a bourse disclosure on Tuesday.

The earnings per share (EPS) stood at SAR 0.12 in 2021, higher than SAR 0.02 in 2020.

In the first nine months (9M) of 2021, Dar Alarkan logged net profits after Zakat and tax worth SAR 76.13 million, an annual jump of 1.71% from SAR 4.19 million.