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Saudi's Kingdom Holding net profit hits USD70.84m in Q4
(MENAFN) Saudi Arabia's investment firm, Kingdom Holding posted a 15 percent net profit increase in the fourth quarter hitting USD70.84 million, Arabian Business reported.
Kingdom Holding made a net profit USD70.84 million in the fourth quarter, an increase from USD61.6million year-on-year, the company said in a statement.
The investment firm said that decent profits were due to investment gains and lower financial costs and that as a result Kingdom's net profit in 2014 was USD231.58 million, up from USD197.847 million in 2013.
Kingdom Holding made a net profit USD70.84 million in the fourth quarter, an increase from USD61.6million year-on-year, the company said in a statement.
The investment firm said that decent profits were due to investment gains and lower financial costs and that as a result Kingdom's net profit in 2014 was USD231.58 million, up from USD197.847 million in 2013.
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