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FINANCIAL NEWS
Saudi Electricity reaches 10 percent profit growth after settlement
21 Jul 2013
(MENAFN) Good news was reported by Saudi Electricity Company (SEC) as it announced a 10 percent profit growth in Q2, reported Arabian Business.
The company cited the increase in profit to a USD 194 million settlement from the Saudi Arabian Oil Co (ARAMCO).
The company stated that its income for the months of April, May and June was at USD 401 million up from USD 362 million in the same period last year.
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