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ARKAAN posts net income of $8.77 million in Q1 2024

2024-05-15

According to the financial statements of Arkaan Real Estate ARKAAN for the 1st Quarter of 2024, Net profit after tax of the period reached 8,766,000 USD Compared with Net profit after tax 8,390,000 USD for 2023, a net increase in profit of 4.48%.Total assets of the company reached 476,261,000 USD compared with total assets of 473,198,000 USD at the end of year 2023, a net increase of 0.65%.Total liabilities of the company reached 53,450,000 USD compared with total liabilities of 54,855,000 USD at the end of year 2023, a net decrease of 2.56%. Net ownership equity of the company reached 422,811,000 USD (Including Non-Controlling Interests of 23,692,000 USD) compared with total owner equity of 418,343,000 USD (Including Non-Controlling Interests of 23,500,000 USD) at the end of year 2023, a net increase of 1.07%.