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21-04-14

Saudi Al-Khodari profit up 78 percent in Q1

(MENAFN) Net profit of the Saudi Arabian construction firm Abdullah A. M. Al-Khodari Sons rose by 78 percent in the first quarter of the current year after receiving earnings from an auction of plant and machinery, according to Arabian Business. The company's net profit for the quarter was estimated at USD8.7 million compared to USD4.873 million in the first quarter 2013. Earnings for the machinery auction reached USD11.01 million of total income, while work permit costs to the company boosted by USD3.518 million.