Riyadh – Mubasher: Saudi Real Estate Company (Al Akaria) recorded net profits valued at SAR 135.20 million in the first quarter (Q1) of 2025, an annual leap of 4,562% from SAR 2.90 million.
The revenues climbed by 46.88% year-on-year (YoY) to SAR 628.10 million in Q1-25 from SAR 427.60 million, according to the financial results.
Earnings per share (EPS) increased to SAR 0.40 as of 31 March 2025 from SAR 0.01 a year earlier.
Quarterly, the Q1-25 net profits retreated by 28.16% from SAR 188.20 million in Q4-24, while the revenues dropped by 15.60% from SAR 744.20 million.
In 2024, the net profits of Al Akaria hiked by 218.19% YoY to SAR 215.10 million from SAR 67.60 million.
