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FINANCIAL NEWS
RSH’s operating income hits USD11.07m in H1
19 Aug 2014
(MENAFN) Red Sea Housing Services Company (RSH) registered an operating income of USD11.07 million in the January-June period, increasing 17.69 percent on-year, Arab News reported.
RHS’s net profit in the first half of the year reached USD22.45 million, soaring 30.01 percent compared to USD17.27 million in the same period in 2013.
Gross profit also was up 28.7 percent, hitting USD37.26 million, while the operating profits showed a 26.47 increase, reaching USD23.35 million during the same period.
During the April-June period, the company’s net profit rose 23.13 percent, amounting to USD10.86 million, while their gross profit hit USD17.98 million, up 22.64 percent in the cited period.
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