SRMG profit declines by 49%
Saudi Arabia: Monday, July 21 - 2008 at 09:31
The Saudi Research & Marketing Group's (SRMG) net profit declined by 49% to SR145.7m in the first half of 2008 from SR287.4m during the same period in 2007, Arab News has reported. The fall in profit this year is attributed to exceptional profits made in 2nd quarter of 2007 after selling 30% of its subsidiary Saudi Printing & Packaging Company in an initial public offering.
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Medilyn Manibo, Assistant News EditorMonday, July 21 - 2008 at 09:31 UAE local time (GMT+4)
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