Alhokair reports 40% growth in Q4 profits | Alhokair reports 40% growth in Q4 profits -
Alhokair-retail

Alhokair reports 40% growth in Q4 profits

: Tuesday, April 22 - 2014 @ 12:37

Saudi retailer which franchises brands such as Zara and Marks and Spencer in the kingdom, Fawaz Abdulaziz Alhokair Co has posted a 40% year-on-year increase in net profit for its fourth quarter ended March 31, Reuters has reported. Profit climbed to SR190.8m ($50.9m) in the quarter, as sales rose 10% to SR1.36bn. Alhokair attributed the size of the profit rise to other income, which it did not specify. For the full financial year, net profit rose 24% to SR771.4m, as sales increased 18% to SR5.48bn.

Today's Top Stories

Posted by

Tuesday, April 22- 2014 @ 12:37 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

AME Info Services







Business DirectoryVIEW ALL

Search by name

Search by industry

Browse alphabetically





JobsVIEW ALL

Search for jobs

Latest Jobs