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.

More News

This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more