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Saudi Electricity earns $454.3m
- Saudi Arabia: Sunday, November 04 - 2007 at 08:44
Utility provider Saudi Electricity posted Q3 income of $454.3m, a 5.8% lift on the same period in the previous year, reported Reuters. The firm's operating profit over the first nine months of the year amounted to $500.5m, an increase of 6%. CEO Ali bin Saleh Al Barrak has said the firm hopes to post a profit this year following a loss in 2006.
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Jonathan Sheikh-Miller, Deputy EditorSunday, November 04 - 2007 at 08:44 UAE local time (GMT+4)
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