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CORRECT (Sep 28): Dar Global first-half profit multiples

29th Sep 2023 10:09

(Correcting that Dar Global's financial results were in US dollars.)

Dar Global PLC - luxury international real estate developer - In the six months that ended June 30, pretax profit multiplies to USD20.8 million from USD3.7 million a year earlier. Revenue also multiplies to USD108.4 million from USD27.5 million. Chief Executive Officer Ziad El Chaar says: "2023 has been a milestone year for the company with our successful listing on the London Stock Exchange in February representing a significant step forward in supporting our ambitious growth trajectory. The second half has started strongly and we are well positioned to weather some of the challenges facing the sector through the strength of our balance sheet, building partnerships with other global luxury brands and further expanding our pipeline of opportunities."

Current stock price: USD3.68 in London

12-month change: up 2.2%

By Greg Rosenvinge, Alliance News reporter

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