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FINANCIAL NEWS
Saudi SEC reports USD400m profit in Q2
17 Jul 2013
(MENAFN) Saudi Electricity Company (SEC) reported a 10 percent increase in quarterly earnings due to non-recurring settlement payment, Reuters reported.
The company said it made USD401 million net profit during the second quarter, up from USD362.6 million a year earlier.
SEC said the higher results came due to the non-recurring, USD194.35 million settlement payment from Saudi Aramco.
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