Browse
related articles
Tadawul bourse slips as earnings season kicks off, eXtra soars on profit surge
- Saudi Arabia: Sunday, January 06 - 2013 at 20:30
The Riyadh-based Tadawul All-Share Index slipped by 0.08% to 7,004.71 points Sunday, the first index loss in 2013. SABIC fell 0.27% to close at SR92. United Electronics Co., known as Extra, surged 1.45% to SR105. Earlier in the day, eXtra reported as one of the first listed firms in the GCC interim results for 2012. eXtra's estimated annual net profit hit SR158.6m, representing an increase of 20.1% year-on-year. eXtra said sales in all its categories improved, contributing to the profit surge. eXtra's core activities include retail of consumer electronics, appliances, communications and solutions. On Saturday Jan. 5, eXtra opened its first store in Bahrain. eXtra was recently named as one of "The Top 200 Companies in the GCC" by Forbes Middle East, and also ranked as one of the Top 5 Services companies in the Kingdom of Saudi Arabia.
Related Content
Article Options
Gérard Al-Fil, Financial JournalistSunday, January 06 - 2013 at 20:30 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / 4C.
Disclaimer »
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / 4C and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / 4C can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / 4C.
In no event shall AME Info FZ LLC / 4C be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
