Browse
related articles
Saudi Electricity net drops 8.5%
- Saudi Arabia: Monday, July 20 - 2009 at 10:18
The state-controlled Saudi Electricity Co. has posted an 8.5% drop in second-quarter profit as new projects increased costs, Bloomberg has reported. The power producer's net income fell to SR715 million ($191m) from SR781 million a year earlier. Operating profit fell 2.5% to SR622 million. The company's operating loss, in the first half, had widened to SR276 million from SR193 million. The company has attributed the increased losses to higher costs from new projects entering service.
Also consider reading:
Today's top stories
Week's top stories
Digg
Facebook
LinkedIn
Twitter
Browse
related articles
- » Dubai developers repossess some units
- » February passenger traffic up 17.2% at Abu Dhabi International Airport
- » Emaar Properties transfers management of education portfolio in Dubai to Innoventure Educational Investments
- » HE Mubarak Hamad Al Muhairi, DG, Abu Dhabi Tourism Authority
- » LG consolidates push into premium TV market with infinia LE8500 full led LCD TV
Disclaimer:
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
It looks like you are using a Mac - check out our 
Web Feeds