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FINANCIAL NEWS
Saudi RSH reports 22.9% jump in Q2
25 Jul 2010
(MENAFN) The Chairman of Red Sea Housing Services (RSH), a leading provider of remote site housing solutions, said that the company?s operating income for the second quarter jumped 22.9 percent when compared to the same period last year, Reuters reported.
He pointed out that the company?s operating income soared to $6.2 million during the second quarter from $5.05 million last year.
The chairman noted that the company had suffered during this period from a preliminary court ruling in Algeria to pay customs duties and penalties.
He also stressed the importance of RSH?s contribution to the comprehensive economic development in Saudi Arabia in terms of supporting major Saudi organizations with its outstanding housing solutions.
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