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FINANCIAL NEWS
Saudi’s Al Khodari net profit up 23 percent in Q3
19 Oct 2014
(MENAFN) Abdullah Abdul Mohsin al-Khodari and Sons, the Saudi Arabia construction firm, announced it has posted a 23.1 percent increase in profit in the July-September period of this year, Gulf Business reported.
During the third quarter of this year, the company’s profit reached USD4 million, compared to USD3.24 million which the company registered in the corresponding period of last year.
The company said that the rise in profit came as a result of the company’s increase in revenue, which grew by 5.6 percent, as well as a reduction in general costs and marketing expenditure.
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