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Investors hail KSA's Aslak profit increase
- Saudi Arabia: 17 hours, 7 minutes ago
The Tadawul All-Share Index rose 0.27% to close at 7,030.78 Monday. Sabic gained a quarter percentage point, finishing at SR93. United Wire Factories Company, known as Aslak, increased its value by 0.51% to reach SR39.30. Earlier in the day, Aslak said the net income for the year ended December 31, 2012 was SR115.4m, representing an increase of 8% year on year. "Net income for year 2012 increased compared to year 2011 due to the decrease of the raw material prices during the fourth quarter compared to the same period of the last year," said Aslak in a statement ot the Saudi Stock Exchange.
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Gérard Al-Fil, Financial JournalistMonday, February 11 - 2013 at 18:13 UAE local time (GMT+4)
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