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Saudi Hollandi reports 35.6% jump in Q4 net profit
- Saudi Arabia: Monday, January 14 - 2013 at 04:19
Saudi Hollandi Bank, the kingdom's fourth-biggest listed bank, has posted a 35.6% increase in its fourth-quarter net profit, compared with the same period last year due higher operating income, Reuters has reported. The lender made SR313.4m ($83.6m) in the last three months of 2012, compared with SR231.2m a year earlier. Operating profit for the fourth-quarter grew by 9.2% to SR550m, and income from special commissions increased by 10.5% to SR345.1m, Saudi Hollandi said.
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