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FINANCIAL NEWS
SRMG’s net profit hits $32.2.1m in 2010
20 Jan 2011
(MENAFN) Saudi Research & Marketing Group (SRMG) stated that net profit for the year of 2010 amounted to $32.2 million thus hiking by 91.9 percent compared to a year before where net profit amounted to $12.1 million, reported Arab News.
SRMG also stated that operating profit grew from $8.15 million in 2009 to $28.8 million in 2010 and thus increasing by 253.6 percent.
The group added that 2010 gross profit amounted to $91.1 million increasing by sixteen percent compared to a year before.
The group stated that results complied with forecasts as the company applied a new strategy for securing income from several resources such as media, publishing and education sectors.
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