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FINANCIAL NEWS
Saudi retail firms’ sales up 11.46 percent in Q2
03 Aug 2014
(MENAFN) Saudi listed retail companies posted an 11.46 percent growth in sales in the second quarter of 2014 reaching USD2.03 billion compared to USD1.82 billion in the same period 2013, according to Arab News.
Capitals of the 14 listed firms were estimated at USD2.138 billion as their market capitalization reached USD21.06 billion, or 3.76 percent of the value of all companies listed in the market.
On the other hand, net profits of the retail sector boosted by 13 percent to USD375 million in first half of 2014 compared to USD335 million in the first half of 2013.
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