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FINANCIAL NEWS
eXtra net profit hits USD44.6m in 2013
21 Jan 2014
(MENAFN) Saudi Arabia’s United Electronics Company (eXtra), a consumer electronics and home appliance retailer, said that it registered positive financial results in 2013, Saudi Gazette reported.
The company’s net profit in the year hit USD44.6 million, logging an increase of 5.49 percent versus the year before.
In the fourth quarter alone, the electronics retailer’s net profit came at USD15.7 million, edging up 1.38 percent from the same period in previous year.
Chairman of eXtra said: “2013 marked the completion of eXtra’s first decade of operations, and the milestone year will remembered as an excellent one for the company as we increased profits and sales.”
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