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FINANCIAL NEWS
Saudi SRMG’s 2011 net profit jumps by 18.8%
09 Feb 2012
(MENAFN) Saudi Research & Marketing Group (SRMG) said that in 2011, the company’s net profit jumped by 18.8 percent to USD26.74 million, reported Arab News.
The firm added that the income rose from USD22.50 million in a year earlier.
It also said that in the period, advertising revenues rose by 5.6 percent from 2010, whereas education revenues surged by 39.1 percent.
Moreover, income from main operations went up 4.6 percent from 2010’s USD26.79 million to USD28 million.
It is worth noting that in 2011, gross profit grew 5.5 percent to USD94.30 million, from USD89.42 million in 2010.
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