Earnings Report /
Saudi Arabia

Dar Alarkan: Weak earnings on lower than expected revenues

  • Revenue grew 19.4% yoy (-58.1% qoq) to SAR678mn in Q2 22

  • Gross margins contracted by 38bps yoy to 36.2% in Q2 22

  • Opex in absolute terms increased 96.0% yoy (+38.1% qoq) to SAR88.0mn

Talha Nazr
SNB Capital
28 August 2022
Published bySNB Capital


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