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FINANCIAL NEWS
Saudi Red Sea Housing reports USD6.7m profit in Q3
24 Oct 2012
(MENAFN) Saudi developer Red Sea Housing Services Company reported a 98.23 percent increase in quarterly profits, Arab News reported.
The company said it earned USD6.7 million net profit in the third quarter, up from USD3.4 million a year earlier.
Quarterly gross profit for the third quarter rose by 158.13 percent to USD16.6 million from last year’s same period, the company said.
Quarterly operating income increased 130.48 percent to USD7.65 million from USD3.32 million a year earlier.
As for the nine months to September, the company reported a 31.93 percent increase in profits to USD23.34 million from USD17.7 million a year ago.
More News
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BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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