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

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.

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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.

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