Archives

Home

Media Center

Financial News

23-01-14

Saudi listed companies' profit rises 7 percent in 2013

(MENAFN) Saudi listed companies have registered a 7 percent rise in profits reaching USD27.46 billion in 2013 compared to USD25.75 billion in 2012, according to Arab News. Profits of telecom sector were estimated at USD3.945 billion in 2013 compared to USD3.012 billion in 2012, or a 31 percent rise, ranking first in profits' growth among all sectors. The construction sector ranked second in overall profit growth registering USD319 million in 2013 compared to its losses of USD38.39 million in 2012.